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Crane Hot Line

Peerless Chain Buys Building in Winona

Peerless' Kosidowski (left), KITO's Lonardi

March 2, 2022 - Peerless Chain Company has bought a 350,000-sq.-ft. building and surrounding property in Winona, Minnesota.

The company says that the purchase underscores the long-term commitment that Peerless’ parent company, KITO Corporation, has made to manufacturing chain in Winona. The acquisition also provides business and community stability as well as opportunity for future expansion.

Peerless started its business in Winona more than 100 years ago. Since then, many generations of have worked there.

Peerless is the largest chain manufacturer in North America. It’s also a primary chain supplier to its Pennsylvania sister company, Harrington Hoist Inc.

Caption: George Kosidowski (left), president, Peerless Industrial Group, and Carlo Lonardi, CEO/president, KITO Americas Inc., close the acquisition.


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