News

The Crosby Group to Commence Cash Tender Offer for All Outstanding Shares of KITO CORPORATION

2022-09-22

RICHARDSON, Texas, United States, and SHOWA-CHO, Yamanashi, Japan, September 22, 2022 – The Crosby Group, a leading provider of lifting and rigging solutions, and KITO CORPORATION, a leading manufacturer of material handling equipment with 90 years of experience in the development and production of hoists and cranes, today announced that they have secured all regulatory clearances for their business combination and that The Crosby Group will commence a cash tender offer to acquire all outstanding shares of KITO CORPORATION for JPY 2,725 per share on September 26. The cash tender offer price represents a premium of 64.3% compared to KITO CORPORATION’s undisturbed closing share price on May 13, the last trading day before the transaction was originally announced.

See More

Past Articles

Introducing Harrington's TCW Series Lube Free and Wash Down Air Powered Hoists

3-1-21 Our model TCW lube free, wash down air hoists are designed for use in humid, outdoor or limited corrosive environments or where equipment must be washed or hosed off regularly.These hoists also operate without air supply lubrication, leaving work areas free of oil mist from air exhaust. Harrington’s TCW hoists feature an unpainted compact & lightweight cast ...

Harrington Hoists, Inc. Introduces SmartLok Self-Locking Hooks

4-1-22 Harrington Hoists, Inc. has launched the SmartLok self-locking hook that offers the extra security needed for applications with stringent safety requirements. The SmartLok hook latch locks securely in place and is only opened when the release lever is depressed. SmartLok hooks are small and compact and they meet the industry standards and regulations of ASME...

The Crosby Group and KITO CORPORATION to Combine, Creating Integrated Lifting Solutions Provider

RICHARDSON, Texas, United States, and SHOWA-CHO, Yamanashi, Japan, May 16, 2022 – The Crosby Group, a global leader in lifting and rigging, and KITO CORPORATION, a leading material handling manufacturer with 90 years of experience in the development and production of hoists and cranes, today announced that they have entered into a definitive agreement to combine both bu...

Introducing TCK Series Air Hoists

5-1-20 - Manheim, PA – Harrington Hoists, Inc. has released our TCK series air hoist line. These hoists are designed for fast lifting requirements in demanding industrial settings and are available in 3 Ton and 6 Ton capacities in both pendant or cord control.Harrington’s TCK hoists have an unlimited duty cycle for continuous operation and very fine feathering control f...

Introducing New Capacities to Harrington's TCL Series Lube Free Air Hoist Line

5-1-20 - Manheim, PA – Harrington Hoists, Inc. has expanded our high-performance TCL series Lube Free air hoist line to include 3 Ton and 6 Ton capacities. Previously released TCL capacities included ¼ through 1 Ton models. These air hoists operate without air supply lubrication, which leaves the surrounding environment free of oil mist from air exhaust. Harrington’s T...