Business
Columbus McKinnon Receives Clearance from the DOJ for Pending Acquisition of Kito Crosby
Columbus McKinnon Corporation (Nasdaq: CMCO) ("Columbus McKinnon" or the "Company"), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced it has received clearance from the Antitrust Division of the U.S. Department of Justice (the "DOJ") for its previously announced acquisition (the "Acquisition") of Kito Crosby Limited ("Kito Crosby").
About this update from Columbus Mckinnon Corporation
[{"type":"text","content":"CHARLOTTE, N.C., Feb. 2, 2026 /PRNewswire/ -- Columbus McKinnon Corporation (Nasdaq: CMCO) ("Columbus McKinnon" or the "Company"), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced it has received clearance from the Antitrust Division of the U.S. Department of Justice (the "DOJ") for its previously announced acquisition (the "Acquisition") of Kito Crosby Limited ("Kito Crosby").","length":553,"tagName":"p"},{"type":"image","alt":"Columbus McKinnon Corporation (PRNewsfoto/Columbus McKinnon Corporation)","displaySize":"","headline":null,"caption":"Columbus McKinnon Corporation (PRNewsfoto/Columbus McKinnon Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":195,"url":"https://media.zenfs.com/en/prnewswire.com/fab614556eb65f8ddfc58864848be3c8"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/bis8hIQsWtu9jJNxbZT.vQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM0NDtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/fab614556eb65f8ddfc58864848be3c8","width":400,"height":195}},"href":"https://mma.prnewswire.com/media/2532940/Columbus_McKinnon_Corporation_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"In connection with the DOJ's review of the Acquisition, Columbus McKinnon entered into a consent decree with the DOJ, pursuant to which the Company has agreed to divest its U.S. power chain hoist and chain operations (the "Divestiture"), as previously announced. The Company has now obtained all regulatory approvals relating to the Acquisition, and the Acquisition is expected to close in February 2026, subject to customary closing conditions.","length":484,"tagName":"p","attribs":{}},{"type":"text","content":"Upon closing, the Acquisition will scale the business of the combined Company, enhance our ability to serve customers worldwide, deliver improved Adjusted EBITDA margin and increase shareholder value as we deliver $70 million of expected net annual run rate cost synergies.","length":293,"tagName":"p","attribs":{}},{"type":"text","content":""Today is an important day for Columbus McKinnon. We are excited to share the news that we passed...