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