KKR to Acquire The Crosby Group, Acco Material Handling Solutions for $1B
NEW YORK--(BUSINESS WIRE)--
Global investment firm KKR
announced today the signing of a definitive agreement to acquire The
Crosby Group (“Crosby”) and Acco
Material Handling Solutions (“Acco”) from Melrose Industries PLC for
approximately $1.0 billion.
With roots dating back to 1885, Crosby is a leading global provider of
highly engineered solutions for lifting and rigging applications across
the oil and gas, construction, mining and industrial sectors.
Headquartered in Tulsa, Oklahoma, Crosby has over 1,300 employees
globally and is known for its iconic brands, including Crosby,
McKissick, National and Lebus.
Acco, headquartered in York, Pennsylvania, has 130 employees and
provides custom-built specialty material handling equipment, including