KKR to acquire The Crosby Group and Acco Material Handling Solutions

KKR has signed a definitive agreement to acquire The Crosby Group and Acco Material Handling Solutions from Melrose Industries for approximately $1 billion. Crosby is a global provider of highly engineered solutions for lifting and rigging applications across the oil and gas, construction, mining and industrial sectors. Acco, headquartered in York, Pennsylvania, has 130 employees and provides custom-built specialty material handling equipment, including a full line of hoists, industrial cranes, monorails, carts and trailers that are sold under the well-recognized Louden, Wright and Nutting brands.

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