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Private equity firm selling Dorner Manufacturing in $485 million deal


Private equity firm selling Dorner Manufacturing in $485 million deal
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Dorner’s production floor in Hartland.
EQT Private Equity has agreed to sell Hartland-based conveyor maker Dorner Manufacturing Corp. to Columbus McKinnon Corp., a New York-based maker of motion control and automation products. The deal, which values Dorner at $485 million, is…
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Columbus McKinnon Corp., a New York-based maker of motion control and automation products.The deal, which values Dorner at $485 million, is expected to close in the second quarter of 2021.“The acquisition of Dorner provides a catalyst for growth in extremely attractive markets and begins the process of reimagining the future of Columbus McKinnon,” said David Wilson, president and chief executive officer of Columbus McKinnon.Dorner has around 400 employees with its largest facility in Hartland and other locations in Mexico, Germany and Malaysia. We are getting a very talented leadership ....

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Columbus Mckinnon Corp (CMCO) Q3 2021 Earnings Call Transcript


Operator
Greetings. Welcome to the Columbus McKinnon Corporation Third Quarter Fiscal Year 2021 Financial Results Conference Call. [Operator Instructions]
I will now turn the conference over to your host, Deborah Pawlowski, Investor Relations for Columbus McKinnon. You may begin.
Deborah K. Pawlowski
Investor Relations
Thanks, Shamali, and good morning, everyone. We certainly appreciate your time today and your interest in Columbus McKinnon. Joining me on the call are David Wilson, our President and CEO, and Greg Rustowicz, our Chief Financial Officer. You should have a copy of the Third Quarter Fiscal 2021 financial results, which we released this morning before the market. If not, you can access the release, as well as the slides that will accompany our conversation today on our website at www.columbusmckinnon.com. After our formal presentation, we will be opening the line for Q&A. [Operator Instructions] ....

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