These slides, and the accompanying oral discussion (together, this "presentation"), contain "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements concerning future sales and earnings, which involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to differ materially from the results expressed or implied by such statements, including the ability of the Company to complete the acquisition of Garvey, the integration of Garvey into the Company to achieve cost and revenue synergies, the ability of the Company and Garvey to achieve revenue expectations, the ability of the Company to execute its financing plans in connection with the Garvey acquisition, global economic and business conditions including the impact of COVID-19, conditions affecting the industries served by the Company and its subsidiaries, conditions affecting the Company's customers and suppliers, competitor responses to the Company's products and services, the overall market acceptance of such products and services, the ability to expand into new markets and geographic regions, and other factors disclosed in the Company's periodic reports filed with the Securities and Exchange Commission. The Company assumes no obligation to update the forward-looking information contained in this release.
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Executing our Blueprint for Growth 2.0
Transforming Columbus McKinnon into a high value, intelligent motion enterprise
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Acquiring Garvey Corporation
Leader in accumulation technology complements Dorner's conveying solutions
Provides unique, patented technologiesin the design,
application, manufacturing and integration of accumulation systems
Industries highest quality products, deep technical expertise and experienced management team
Strong brand namerecognition in pharmaceutical and food & beverage industries
Strong top-linegrowth and profitability
TTM Revenue ~$30M at September 30, 2021
100% of revenue in North America
~80%+ sales in F&B and Pharma
TTM Adjusted EBITDA ~$9M at September 30, 2021
Expect $0.05 GAAP EPS accretion in fiscal 2023
Headquartered in Hammonton, New Jersey
Products
Accumulators
46% of Revenue
Specialty Conveyors
30% of Revenue
Vial Loaders,
Lubrication Systems,
Gripper Elevators
24% of Revenue
Leading automation solutions company concentrated in F&B and pharma
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Excellent Strategic Fit for CMCO's Conveying Solutions
Accumulation technologies highly complementary to Dorner's conveying technologies
Various Technologies within $500M Accumulation Market
✓ Products Garvey can accumulate:
Bi-Flow
Spiral
Mass Flow
Recirculating
Serpentine
Significant cross-sell opportunities to further expand into new markets
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Columbus McKinnon Corporation published this content on 04 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 November 2021 12:44:08 UTC.
Columbus McKinnon Corporation designs, manufactures and distributes a broad range of material-handling products for various applications. The Company's products include a wide variety of electric, air-powered, lever, and hand hoists, hoist trolleys, explosion-protected hoists, winches, and aluminum work stations; alloy and carbon steel chains; 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. The Companyâs brands include Budgit, Chester, CM, Coffing, Little Mule, Pfaff, Shaw-Box, STAHL, Magnetek, Herc-Alloy, and Yale. The Company is focused on commercial and industrial applications.