Columbus McKinnon Closes Acquisition of Garvey Corporation
Summary
BUFFALO, N.Y.--(BUSINESS WIRE)--Columbus McKinnon Corporation (Nasdaq: CMCO) (the “Company”), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced that the Company has completed its acquisition of Garvey Corporation (“Garvey”). David J. Wilson, President and CEO of Columbus McKinnon, commented, “ We have been making great progress with our Blueprint for Growth 2.0 strategy and this acquisition further demonstrates our ability to execute on our plan to transform Columbus McKinnon into a high value, intelligent motion enterprise. We are excited to bring the Garvey team and their leading technologies into the Columbus McKinnon family to create among the most complete lines of precision conveying and accumulation technologies in the industry.” Garvey is a leading accumulation systems solutions company providing unique, patented systems for the automation of production processes. Founded in 1926 in Hammonton, New Jersey, Garvey has approximately 100 employees including a highly technical sales and engineering organization that has a proven track record of innovation within the accumulation market. The Company is focused on commercial and industrial applications that require the safety and quality provided by its superior design and engineering know-how.