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.
Past Articles
Knowing the difference when selecting Grab Hooks
Contributed by Bob Kozickie, Technical Sales Support ManagerEdited by Christy Kutchma, Product & Marketing Associate There are three styles of grab hooks manufactured for overhead lifting: Non-Cradle, Cradle, and Chain Shortening Grab Hooks. Each are designed to shorten, choke, or basket alloy chain slings in a variety of lifting applications. When use...
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Chain Sling Identification Tag
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The Anatomy of an Alloy Chain Sling Failure
Contributed by Bob Kozickie, Technical Sales Support Manager Alloy steel chain slings are the most durable products used for lifting and rigging. So, why do alloy chain slings fail? Every year we read and hear stories of catastrophic chain sling breaks. When these failures happen, the broken sling components are then sent back to the sling manufacturer or a...
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Contributed by Bob Kozickie, Technical Sales Support Manager Governments have established regulations and standards within the workplace in order to provide the highest degree of safety for all employees. These regulations and standards have various degrees of authority depending on whether they are statutory, consensus, or 3rd party documents. When we read...