Columbus McKinnon completes acquisition of Kito Crosby, enhances global lifting solutions.

Columbus McKinnon has completed its acquisition of Kito Crosby, creating a global leader in lifting solutions. The combination is expected to scale the business, deliver improved Adjusted EBITDA margin, and enhance shareholder value through $70 million of expected net annual run rate cost synergies. The executive leadership team has been appointed to drive growth, margin expansion, synergy realization, and net leverage reduction.