US firm purchases Havant company
AN AMERICAN company has completed the purchase of a leading manufacturing firm based in Havant.
Texas-based The Crosby Group LLC, the largest lifting, rigging, and material handling hardware company in the world, has confirmedÂ the acquisition of Straightpoint UK (SP), a leading manufacturer of load cells and force measurement equipment.
The purchase, which was finalised on Wednesday, includedÂ the manufacturing facility and headquarters, whichÂ will become Crosby's centreÂ of excellence for load monitoring and measurement.
David Ayling, formerly CEO at SP, will step into a new role as chief commercial officer where he willÂ overseeÂ sales, marketing, andÂ product development functions for all load monitoring equipment.
He said: '˜Crosby's brand, its channel strength, global reach, and management team will enableÂ us to build on our strengths and take the business to a new level.'