Columbus McKinnon, a US manufacturer of hoisting equipment and material handling technology with a production facility in Wuppertal, has initiated a financial restructuring to finance a planned acquisition. The company announced the measure without providing details about the target company or transaction volume. Columbus McKinnon distributes brands including Yale, Pfaff, and Magnetek, and serves the construction and industrial sectors with chain hoists, cranes, and material flow systems. The impact the planned acquisition will have on the German facility and product portfolio is currently unknown.