News
The Crosby Group to Commence Cash Tender Offer for All Outstanding Shares of KITO CORPORATION
2022-09-22
RICHARDSON, Texas, United States, and SHOWA-CHO, Yamanashi, Japan, September 22, 2022 – The Crosby Group, a leading provider of lifting and rigging solutions, and KITO CORPORATION, a leading manufacturer of material handling equipment with 90 years of experience in the development and production of hoists and cranes, today announced that they have secured all regulatory clearances for their business combination and that The Crosby Group will commence a cash tender offer to acquire all outstanding shares of KITO CORPORATION for JPY 2,725 per share on September 26. The cash tender offer price represents a premium of 64.3% compared to KITO CORPORATION’s undisturbed closing share price on May 13, the last trading day before the transaction was originally announced.
Past Articles
Introducing Harrington's TCW Series Lube Free and Wash Down Air Powered Hoists
3-1-21 Our model TCW lube free, wash down air hoists are designed for use in humid, outdoor or limited corrosive environments or where equipment must be washed or hosed off regularly.These hoists also operate without air supply lubrication, leaving work areas free of oil mist from air exhaust. Harrington’s TCW hoists feature an unpainted compact & lightweight cast ...
The Crosby Group and KITO CORPORATION to Combine, Creating Integrated Lifting Solutions Provider
RICHARDSON, Texas, United States, and SHOWA-CHO, Yamanashi, Japan, May 16, 2022 – The Crosby Group, a global leader in lifting and rigging, and KITO CORPORATION, a leading material handling manufacturer with 90 years of experience in the development and production of hoists and cranes, today announced that they have entered into a definitive agreement to combine both bu...
Transaction close and formation of Kito Crosby
RICHARDSON, Texas, United States, and SHOWA-CHO, Yamanashi, Japan, January 30, 2023 – The Crosby Group, a leading provider of lifting and rigging solutions, and KITO CORPORATION, a leading manufacturer of material handling equipment with 90 years of experience in the development and production of hoists and cranes, today announced the completion of their business combin...
Harrington Hoists, Inc. Introduces Tiger Track Freestanding Workstation Canes
Manheim, PA – Harrington Hoists, Inc. has released their new Tiger Track Freestanding Workstation Cranes. These cranes are lightweight yet powerful modular solutions that make operation even easier than using traditional bridge cranes. The enclosed track design maximizes smooth movement and minimizes the accumulation of dirt and dust in the track. This means operating t...
Harrington Hoists, Inc. Releases New EM /SEM Series Mini Electric Chain Hoists
Manheim, PA – Harrington Hoists, Inc. has released two new lines of Mini Electric Chain Hoists designed for use in medium- to heavy-duty industrial settings, repair shops, garages and any facility with limited space. Harrington’s EM series three-phase mini electric chain hoists are available in 250-, 500- and 1000-pound capacities. Their SEM series single-phase mini el...
