Columbus McKinnon to Acquire Magnetek, Inc. | Fundamental Global

AMHERST, N.Y. and MENOMONEE FALLS, Wis., July 27, 2015 (GLOBE NEWSWIRE) -- Columbus McKinnon Corporation (NASDAQ: CMCO), a leading designer, manufacturer, and marketer of material handling products, and Magnetek, Inc. (NASDAQ: MAG) announced today that they have entered into a definitive agreement for Columbus McKinnon to acquire all of the outstanding shares of Magnetek for $50 per share for a total value of $188.9 million. Magnetek designs and manufactures digital power and motion control solutions for material handling, elevators, and mining applications.
By: Fundamental Global