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Columbus McKinnon Corporation, a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced that the Company has executed a definitive agreement to acquire Garvey Corporation (“Garvey”) for $74 million. The Company plans on financing the acquisition by borrowing $75 million utilizing the accordion option under its existing Term Loan B. The transaction is expected to close before the end of 2021. The additional borrowings are Read more...