Columbus McKinnon Sells Univeyor Business

AMHERST, N.Y.—Columbus McKinnon Corp. announced it has signed a definitive agreement to sell its Univeyor business to a company recently established by the owner of an unnamed Danish material handling company.

The transaction is expected to close on July 25. The company will repay Univeyor's debt obligations of approximately $15.2 million.

In fiscal year 2008, Univeyor's results negatively impacted Company earnings by $10.1 million, or $0.53 per diluted share.

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