Columbus McKinnon Corporation acquires Dorner Manufacturing Corporation

Columbus McKinnon Corporation acquired Dorner Manufacturing Corporation for $485 million, a transaction announced in April 2021.

Bought the high-precision conveyor maker from EQT to establish a scalable 'intelligent motion' automation platform under the Blueprint for Growth 2.0 strategy, diversifying into food processing, life sciences, consumer packaged goods and e-commerce.

Bought the high-precision conveyor maker from EQT to establish a scalable 'intelligent motion' automation platform under the Blueprint for Growth 2.0 strategy, diversifying into food processing, life sciences, consumer packaged goods and e-commerce.

The cash transaction valued at $485 million is expected to close early in the Company’s first quarter of fiscal 2022.

Advisory firms were not disclosed for this transaction.

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