AMHERST, N.Y. (Sept. 2, 2015) – Columbus McKinnon Corporation has announced that, through a wholly owned subsidiary, it has completed the acquisition of Magnetek, a designer and manufacturer of digital power and motion control solutions for material handling, elevator and mining applications. "With this accretive combination, we can more fully address the continued global trend of industrial and commercial businesses searching for ways to improve productivity and safety in their operations. We are all very excited about the expanded market potential this transaction provides. We command a measurably broader market for Magnetek's technologies, and the addition of their power control technology impressively enhances our product offering. This compelling blend of products and know-how enables us to bring 'smart' lifting and moving solutions to our customers," said Timothy T. Tevens, president and CEO of Columbus McKinnon. Columbus McKinnon plans to maintain the Magnetek brand and its operations in Menomonee Falls, Wisconsin, under the continued leadership of Peter M. McCormick, Magnetek’s president and CEO. Columbus McKinnon is a designer, manufacturer and marketer of material handling products, systems and services.
Wed, 09/02/2015 - 00:00