PHOTO: George Kosidowski, President, Peerless Industrial Group and Carlo Lonardi, CEO/President, KITO Americas Inc. closing the acquisition on Dec. 17th, 2021
Peerless and KITO Invest in the Future
Peerless Chain Company is extremely pleased to announce that on December 17th, 2021, the purchase of the 350,000 sq. ft. building and surrounding property in Winona, MN was concluded.
Peerless started its business in Winona over a hundred years ago and during that time generations of Peerless employees have called the facility home along with the headquarters that have remained here since the late 1960s. The acquisition provides business and community stability as well as future expansion opportunities.
The property acquisition underscores KITO Corporation’s long term strategic commitment to chain manufacturing in Winona as we continue to invest in the sustained future of our global manufacturing.
Peerless is the largest chain manufacturer in North America as well as well as a primary chain supplier to its Pennsylvania sister company, Harrington Hoist Inc. Peerless is also an industry leader in multiple Industrial, OEM and Retail market segments providing customers with product solutions.
ABOUT Peerless Industrial Group, INC.
Peerless Industrial Group is part of KITO Corporation’s global network providing our customers access to cargo control, traction, overhead lifting, material handling, marine, and hardware products. more information on www.PeerlessChain.com