Columbus McKinnon Sells American Lifts Unit
Columbus McKinnon has sold its American Lifts unit to Autoquip for a reported $2.4 million. The plant at Greensburg, Indiana will be closed and sold. The acquisition will expand the Autoquip product range, adding scissor lift technology to complement Autoquip's vertical ram lifts and dock levellers. Manufacture will be moved to Autoquip's HQ in Guthrie, Oklahoma.
Said Louis Coleman, director of marketing at Autoquip, “Our two companies represent a dominant share of the market for the design and manufacture of specialised, custom materials handling solutions for specific applications. This joining of products will increase our ability to offer even more custom designs to our customers.”