Kito Corporation News

Harrington Hoists, Inc. is celebrating 150 years in the hoist business. The company was established in 1867 by Edwin Harrington, a machinist and inventor, when he started a machine shop and hoist business in Philadelphia. His company thrived as a result of his innovative ideas and continual improvements to the design and production of hoists. Throughout his lifetime, Harrington obtained several patents and was best known for developing one of the first electric hoists in 1896. In the years that followed, Harrington Hoists, Inc.

Kito Americas, Inc. announced today that the company has entered into a stock purchase agreement to acquire Peerless Industrial Group from Westview Capital Partners II, L. P. by purchasing all the shares of Peerless Industrial Group, Inc. The share transfer of Peerless shall be executed subject to the terms and conditions in the Stock Purchase Agreement. Kito Americas, Inc. currently operates Harrington Hoists, Inc. and Kito Canada (KCI) businesses in North America and is the largest subsidiary of the Kito Corporation of Japan. Kito is listed on the Tokyo Stock exchange (TSE1) under the stock ticker 6409. Kito Americas will, by combining with Peerless, expand its product to better serve its customer segments around the world and strengthen its North American business.

Harrington Hoists, Inc. announced that it has achieved the ISO 9001:2008 certification on August 8, 2011. The intention of seeking this certification is to improve business performance by implementing processes that will ensure the company meets or exceeds customer needs. “Harrington has always been customer focused and we strive to provide quality on every level” says Bret Lussow, Business Development Sales Manager. Certification was issued after a complete review and audit, by an accredited registrar…

Harrington Hoists, Inc. has expanded into South America under the Kito brand. In doing so, Harrington has launched the newly created Kito Americas; a Kito brand to support these markets. “This is an exciting time for Harrington” commented Carlo Lonardi, VP Sales & Marketing, “for the first time Kito Corporation has sanctioned our expansion into the South American marketplace. Headed up by International Sales Manager Jim Small, this new venture will bring an increased level of service and improved delivery times to these markets. “Our business relationships in South America will have that solid foundation of Harrington service” commented Small.

Harrington Hoists, Inc., recently hosted a celebration dinner in honor of their 20th year anniversary as a wholly owned subsidiary of Kito Corporation. This relationship allowed the company, in a joint effort, to become the sole source for Harrington / Kito hoist and crane products in the United States and Mexico. Edward (Ned) Hunter, president and CEO of Harrington Hoists, Inc. presented a gift made from an original Harrington hoist dating back to the 1800’s to Yoshio Kito, President and CEO of Kito Corporation, to commemorate the 20 year union. Harrington Hoists, Inc.