Press Release - The Crosby Group & KITO Corporation
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.
Welcome to the first ever dual speed, single phase hoist with a Variable Frequency Drive - the SEQ. This innovative hoist meets an H4 ASME duty rating, but now with the smooth start and stop of an inverter driven motor. With adjustable speed and a no-load high-speed function, the SEQ offers the precise load control and work efficiency you won't find anywhere else. Also...
With 100% duty rating, fine feathering controls, and reduced noise levels, there's no question the TCK will meet all your production needs. Smooth starts and stops with variable speed and operation provide extremely accurate load positioning and control, and the high speed lifts are guaranteed to improve efficiency. See more
Environment friendly power. The TCL Series lube free air hoist series is able to operate without air supply lubrication, leaving the surrounding environment free of oil mist from the air exhaust. The TCL is recommended for use in any area where oil mist cannot be tolerated such as in food, chemical, or pharmaceutical industries. See more
Built for the EQ & SEQ Series VFD Hoist, the MRQ Motorized Trolley will double your work efficiency. As with its hoist counterpart, the MRQ is made with a Variable Frequency Drive for the smooth starts and stops and precise load control you've come to know and love. Available in both single and three phase power. See more
Hazardous Area Hoists & Trolleys Now Available in Canada. For the full lineup of products and custom solutions, please visit www.vanleusden.com See More