Columbus mckinnon corporation to close its lisbon, ohio factory and consolidating this operation into its facilities in wadesboro, north carolina and damascus, virginia

On november 6, 2019, columbus mckinnon corporation announced it will be closing its lisbon, ohio factory and consolidating this operation into its facilities in wadesboro, north carolina and damascus, virginia. the closure of the lisbon operation will affect 59 union associates and 17 staff associates in that location. the restructuring process is expected to take between seven to ten months. the company expects plant closure costs of approximately $3.5 million and estimates annual savings of $5.0 million once completed.
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