Lean Manufacturing Drives Facility Rationalization ...

Lean Manufacturing Drives Facility Rationalization: Columbus McKinnon Announces Sale of Chicago Area Property

From PR Newswire (press release) ... The building was available for sale as a result of the facility rationalization and lean manufacturing efforts of Columbus McKinnon. ...

... Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer and manufacturer of material handling products, today reported that it had completed the sale of a 4.6 acre property that included a 116,000 square foot building in the Greater Chicago area for $3.675 million on January 13, 2005. The favorable effect to net income in the fourth quarter of fiscal 2005 ending on March 31, 2005 will be $2.65 million, or approximately $0.18 per diluted share. The building was available for sale as a result of the facility rationalization and lean manufacturing efforts of Columbus McKinnon. ...

Columbus McKinnon is a leading worldwide designer and manufacturer of material handling products, systems and services, which efficiently and ergonomically move, lift, position or secure material. Key products include hoists, cranes, chain and forged attachments. The Company is focused on commercial and industrial applications that require the safety and quality provided by its superior design and engineering know-how.

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STRATEGIC PLAN: is our most important facilities rationalization initiative ... initiatives to reduce our footprint and reduce ... square foot benchmarks for facility construction and ...

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