Columbus McKinnon Acquires Stahlhammer Bommern - Quick Facts

(RTTNews) - Columbus McKinnon Corp. (CMCO) announced it has acquired privately-owned Stahlhammer Bommern GmbH, a manufacturer of a large range of lifting tools and forged parts. The company has acquired the equity of Stahlhammer Bommern for $24.6 million in cash and assumed approximately $6.6 million of net debt. The purchase agreement includes a potential $3.7 million earn-out, subject to achieving a certain profit target through calendar year 2015.

Stahlhammer Bommern manufactures products at its facility in Hamm, Germany. Columbus McKinnon plans to further extend Stahlhammer Bommern's product reach through its established global sales and distribution network.