Material handling products manufacturer Columbus McKinnon Corp. (NASDAQ: CMCO), Amherst, NY, has acquired privately owned Stahlhammer Bommern GmbH, Hamm, Germany, a manufacturer of a range of lifting tools and forged parts, for $24.6 million.
Stahlhammer Bommern is expected to have calendar year 2014 revenue of $17.8 million.
"STB's brand is built on a long history of designing and manufacturing quality, reliable heavy load lifting tools," Timothy T. Tevens, Columbus McKinnon president and CEO, said. "(Stahlhammer Bommern) expands our rigging tool offering with a much wider variety of eye, shank and ramshorn lifting hooks and deepens our exposure to targeted global vertical markets, such as oil and gas, mining, construction and heavy equipment industries."
