Dorner is headquartered in Hartland, Wisconsin

Columbus McKinnon Corporation has executed a definitive agreement to acquire Dorner Manufacturing Corporation, a leading automation solutions company specialising in conveying systems.

David J. Wilson, president and CEO of Columbus McKinnon, says: "The acquisition of Dorner provides a catalyst for growth in extremely attractive markets and begins the process of reimagining the future of Columbus McKinnon. Dorner advances our strategy to broaden expertise in intelligent motion solutions for materials handling, provides access to high-growth secular markets and strengthens our earnings power.

"Their deep technical expertise and experienced management team are an excellent complement to our global organisation. In addition, their offerings provide a critical link to industrial automation, complementing our leadership position in materials handling."

The cash transaction valued at UDS485 million is expected to close early in the company's first quarter of fiscal 2022, subject to typical closing conditions and regulatory requirements.

Dorner is currently under the ownership of global private markets firm EQT.

Founded in 1966 in Hartland, Wisconsin, Dorner is a leader in high-precision, specialty conveyor systems that enhance productivity, quality, reliability, speed, uptime, and end user profitability. Dorner offers a broad product offering across both modular standard and highly engineered custom conveyor solutions.

With nearly 400 employees, Dorner has deep engineering and technical expertise with facilities in North America, Europe and Asia.