Columbus McKinnon Acquires Yale Lifting Solutions

The manufacturing firm Columbus McKinnon Corp. (CMCO), Amherst, N.Y., has acquired privately held Yale Lifting Solutions located in Magaliesburg, South Africa. Yale, with just under $10 million in annual sales, has represented Columbus McKinnon’s Yale brand of products to the South African mining industry for more than 14 years.

CMCO, which is a designer, manufacturer and marketer of material handling products, previously owned 20 percent of Yale Lifting Solutions.

“This acquisition furthers our strategy to penetrate specific industries where we believe we can continue to win additional market share,” says Timothy Tevens, CMCO’s president and CEO. “Yale Lifting Solutions provides an immediate expansion of our sales and service efforts to the mining industry in a resource-rich country that continues to expand, and we expect that extensive customer education can provide us a competitive advantage. Our approach acknowledges that various geographic markets will require unique approaches to increase our presence. Strategically, we continue to focus on expanding our market share around the world as we aspire to be the world’s leader in equipment that lifts, positions and moves material easily and safely.”