Actuant, Columbus McKinnon, KKR eye $1B lifting-equipment firm

|About: Actuant Corporation (ATU)|By:, SA News Editor

Industrial-products firms Actuant (ATU) and Columbus McKinnon (CMCO) are among the companies vying to acquire Oklahoma-based Crosby Group, a provider of lifting equipment valued at $1B.

Crosby, which is a unit of U.K. engineering firm Melrose Industries, has also attracted interest from private-equity firms, including KKR (KKR).

Crosby will soon seek final bids after having met potential suitors.