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Kito, Crosby Group finalize merger under Lifting Holdings

Kito has been acquired by Lifting Holdings, which along with Crosby US and Crosby UK is owned by Kohlberg Kravis Roberts, a U.S. private equity fund.

Kito was founded in 1932, and provides products such as chain hoists, lever hoists, wire-rope hoists and cranes, to chain, slings, hooks to customers in over 50 nations.