Columbus McKinnon is currently in the process of selecting a financial advisor to lead the initiative.

Univeyor, which is part of the company’s solutions segment, is a producer and supplier of both standard and custom-designed products and systems for integrated material handling and logistics applications.

For the 12-month period ended September 30 2007, Univeyor’s net sales were $30.1million representing 58.4% of the solutions segment net sales of $51.5m and 5.0% of the company’s total consolidated net sales of $598.4m.

Univeyor primarily sells directly to the end users of its services and products and is based in Arden, Denmark.