Friday January 11, 12:56 PM
Columbus McKinnon evaluates alternatives for Univeyor division; considers sale
NEW YORK (Thomson Financial) - Columbus McKinnon Corp. Friday said it would evaluate strategic alternatives for its Univeyor division, including a possible sale of the business.
Univeyor is in Columbus's materials handling and
logistics division.
Columbus said it was currently selecting an advisor to lead the evaluation.
Columbus is a Amherst, N.Y.-based manufacturer of hoists and cranes. Its stock closed Thursday at $25.80.
Ryan Vlastelica
rv/pc
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