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CMCO - Columbus McKinnon buys conveyor systems maker Dorner in $485M deal
Columbus McKinnon Corporation
Columbus McKinnon (CMCO) agrees to acquire conveyor systems maker Dorner Manufacturing from P-E firm EQT in a deal worth $485M.Columbus says Dorner has achieved 12% compound annual growth rate over the last five years, outpacing 6%-8% industry growth rates.Dorner is a leading supplier to the stable growth life sciences, food processing and consumer packaged goods markets and high growth industrial automation and e-commerce sectors.