Columbus McKinnon Corporation (NasdaqGS:CMCO) is looking for acquisitions. David Wilson, President and Chief Executive Officer, " We generated approximately $22 million in free cash in the quarter and have more than sufficient financial flexibility to put our capital to work for growth, both organically and through acquisitions ". He said, "Growing the core is a path that is focused on taking greater market share, both organically and through acquisitions, within the markets we currently serve or again, our SAM" and further added that with the Columbus McKinnon Business System, we are building an organization and competencies that can scale as we pivot our efforts to growth. We have also been actively developing our acquisition pipeline and anticipate that we will demonstrate progress in fiscal 2022. Gregory Rustowicz, Chief Financial Officer said, "We expect to use our capital for growth, both organic and through acquisitions".
Columbus McKinnon Corporation is a designer, manufacturer and marketer of intelligent motion solutions for material handling. Its products include a variety of electric, air-powered, lever, and hand hoists, hoist trolleys, explosion-protected hoists, winches, and aluminum work stations; alloy and carbon steel chain; forged attachments, such as hooks, shackles, textile slings, clamps, and load binders; mechanical and electromechanical actuators and rotary unions; below-the-hook special purpose lifters; and power and motion control systems, such as alternate current (AC) and direct current (DC) drive systems, radio remote controls, push button pendant stations, brakes, and collision avoidance and power delivery subsystems. Its brands include Budgit, Chester, CM, Coffing, Little Mule, Pfaff, Shaw-Box, STAHL, Yale, Magnetek and Herc-Alloy. Its targeted market verticals include manufacturing, transportation including EV production and aerospace, energy and utilities, and process industries.