Home » Columbus McKinnon Considers Sale of Univeyor Business
Columbus McKinnon Considers Sale of Univeyor Business
January 11, 2008
Columbus McKinnon Corp., Amherst, NY, manufacturer of material handling products, is considering strategic alternatives, including selling, for its Univeyor business. The company is in the process of selecting a financial advisor to lead the initiative.
Univeyor, part of the company's Solutions segment, is a producer and supplier of standard and custom-designed products and systems for integrated material handling and logistics applications.
For the 12 months ended Sept. 30, 2007, the company had sales of $30.1 million, representing 58.4% of the Solutions segment total and 5% of the company's consolidated sales.
Univeyor, based in Arden, Denmark, primarily sells direct to end-users.
Columbus McKinnon's key products include hoists, cranes, chain and forged attachments.