Crosby has raised $60.0 million in a recent funding round, securing investment capital from investors to support its strategic growth initiatives. This capital infusion underscores confidence in the company's established market position and its long-standing commitment to innovation within the lifting and securement sector.
Crosby, a product brand of Kito Crosby, is recognized as a global leader in the lifting and securement industry, a sector it pioneered and continues to set quality standards for. With extensive global engineering, manufacturing, distribution, and operations, Kito Crosby provides a broad array of products and solutions designed for the most demanding applications. The company is known for its uncompromising quality, which consistently exceeds industry standards.
Kito Crosby’s portfolio includes iconic brands such as Kito, Crosby, Harrington, Gunnebo Industries, and Peerless. For over 250 years, the company's people, products, solutions, and service have driven advancements in the industry, innovating how the world lifts and secures.
Crosby plans to allocate the newly secured capital towards further enhancing its global operations, investing in product development, and expanding its market reach. This investment is expected to strengthen the company's capacity to deliver advanced solutions and maintain its leadership in critical industrial applications. The company aims to leverage this funding to continue its mission of lifting and securing the world, contributing to a safer, stronger, and more productive future. This strategic financial move positions Crosby for sustained growth and continued innovation in its specialized field.
