September 2014

KITO Corporation Acquires Peerless Industrial Group

United States - Minnesota

KITO Americas, Inc. acquired Peerless Industrial Group from WestView Capital Partners II, L.P. in a stock purchase transaction in August 2014. FaegreBD served as lead counsel to KITO on the $115 million transaction.

KITO Americas operates Harrington Hoists, Inc. and KITO Canada, and is the largest subsidiary of Japanese manufacturer KITO Corporation. Peerless, which is the largest manufacturer and distributor of chain products in North America, will supplement KITO's powered and manual overhead lifting products. The acquisition enables KITO to better serve its material handling customers and increase its global manufacturing footprint.

Services & Industries

The Faegre Baker Daniels website uses cookies to make your browsing experience as useful as possible. In order to have the full site experience, keep cookies enabled on your web browser. By browsing our site with cookies enabled, you are agreeing to their use. Review Faegre Baker Daniels' cookies information for more details.