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Material handling products manufacturer Columbus McKinnon Corp. (NASDAQ: CMCO), Amherst, NY, sold its Gaffey division of Crane Equipment and Service Inc. to Ace Industries, Norcross, GA.
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"Gaffey has been a solid division of our Company for many years, but given the nature of its business as a crane manufacturer and service provider, Ace Industries is a more logical owner of Gaffey," said Timothy T. Tevens, president and CEO of Columbus McKinnon. Ace manufactures and distributes overhead cranes and hoists.
Gaffey is located in Cleveland, TX and primarily serves the South-Central U.S.