Columbus McKinnon to acquire Dorner Manufacturing
Columbus McKinnon has agreed to acquire Dorner Manufacturing Corporation from global private markets firm EQT.
The cash transaction valued at $485 million is expected to close early in the company’s first quarter of fiscal 2022.
Dorner is a Hartland, Wisconsin-based automation solutions company that provides patented technologies in the design, application, manufacturing and integration of high-precision conveying systems.
“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 J. Wilson, president and CEO of Columbus McKinnon. "Dorner advances our strategy to broaden expertise in intelligent motion solutions for material handling, provides access to high-growth secular markets and strengthens our earnings power.”
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
