Columbus McKinnon will close a plant in Lisbon, Ohio, and shift those operations to its factories in North Carolina and Virginia.
Columbus McKinnon, an Amherst-based material handling equipment maker, said the process will take seven to 10 months to complete and will affect 76 employees at the Ohio plant. The company expects the closing to result in $3.5 million in expenses but $5 million in annual savings.
"We are continuously identifying opportunities to simplify our business," said Mark Morelli, president and CEO. "This consolidation will provide better service and an improved overall experience for our customers, while driving value."