Columbus McKinnon Announces Sale of Crane Business

Columbus McKinnon Corporation

, a leading designer, manufacturer and marketer of material handling products, announced today the sale of its Gaffey division of Crane Equipment and Service Inc.. Timothy T. Tevens, President and CEO of Columbus McKinnon noted, “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. Ace Industries is a well-respected channel partner which is focused on crane production, service and rigging.”