EX-99
2
fcsalepr.txt
PRESS RELEASE
NEWS RELEASE
CONTACT:
Karen L. Howard
Vice President - Finance and Chief Financial Officer
Columbus McKinnon Corporation
716-689-5550
COLUMBUS MCKINNON COMPLETES SALE OF
FORREST CITY, ARKANSAS PROPERTY
AMHERST, N.Y., September 8, 2006 -- Columbus McKinnon Corporation (Nasdaq:
CMCO), a leading designer, manufacturer and marketer of material handling
products, today announced that it completed the sale of a 37 acre property that
included a 256,700 square foot building in Forrest City, Arkansas for $1.65
million on September 5, 2006. The favorable effect to net income in the second
quarter of fiscal 2007 ending on October 1, 2006 will be $0.3 million, or
approximately $0.01 per diluted share.
Timothy T. Tevens, President and CEO of Columbus McKinnon commented, "The
building was sold as a result of our facility rationalization and lean
manufacturing efforts. The proceeds from the sale will be used to pay down our
debt to reduce interest expense and further enhance our strategic flexibility.
Our strategy is to continue to grow our top line through geographic expansion,
new product innovation and bolt-on acquisitions, while enhancing our
profitability".
ABOUT COLUMBUS MCKINNON
-----------------------
Columbus McKinnon is a leading worldwide designer, manufacturer and marketer 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. Comprehensive
information on Columbus McKinnon is available on its web site at
HTTP://WWW.CMWORKS.COM.
-----------------------
SAFE HARBOR STATEMENT
This press release contains "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 revenue and earnings
involving 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 or 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.
####

EX - 99 2 fcsalepr . txt PRESS RELEASE NEWS RELEASE CONTACT : Karen L . Howard Vice President - Finance and Chief Financial Officer Columbus McKinnon Corporation 716 - 689 - 5550 COLUMBUS MCKINNON COMPLETES SALE OF FORREST CITY , ARKANSAS PROPERTY AMHERST , N . Y . , September 8 , 2006 -- Columbus McKinnon Corporation ( Nasdaq : CMCO ) , a leading designer , manufacturer and marketer of material handling products , today announced that it completed the sale of a 37 acre property that included a 256,700 square foot building in Forrest City , Arkansas for $ 1.65 million on September 5 , 2006 . The favorable effect to net income in the second quarter of fiscal 2007 ending on October 1 , 2006 will be $ 0.3 million , or approximately $ 0.01 per diluted share . Timothy T. Tevens , President and CEO of Columbus McKinnon commented , " The building was sold as a result of our facility rationalization and lean manufacturing efforts . The proceeds from the sale will be used to pay down our debt to reduce interest expense and further enhance our strategic flexibility . Our strategy is to continue to grow our top line through geographic expansion , new product innovation and bolt - on acquisitions , while enhancing our profitability " . ABOUT COLUMBUS MCKINNON ----------------------- Columbus McKinnon is a leading worldwide designer , manufacturer and marketer 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 . Comprehensive information on Columbus McKinnon is available on its web site at HTTP://WWW.CMWORKS.COM . ----------------------- SAFE HARBOR STATEMENT This press release contains " 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 revenue and earnings involving 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 or 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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