Kito Americas aquires Peerless Industrial Group
KITO Americas, Inc. has entered into a stock purchase agreement to acquire PEERLESS Industrial Group from Westview Capital Partners II, L.P. by purchasing all the shares of PEERLESS Industrial Group, Inc. KITO Americas, Inc. currently operates Harrington Hoists, Inc. and KITO Canada businesses in North America. KITO Americas is planning on, by combining with PEERLESS, expanding its product to better serve its customer segments around the world and strengthen its North American business. The combination of the PEERLESS, Harrington and KITO brands will give the combined customers access to a much wider variety of products in the markets currently served and also allow expansion of PEERLESS products throughout KITO’s global network. The final closing of the combination of these companies will occur in late August.