Melrose confirms that it could part with lifting businesses Crosby and Acco

Melrose industries has confirmed that it is at the "very early stages" of considering the sale of lifting businesses Crosby and Acco (release). The firm has appointed JP Morgan to assist in the process.

Crosby specialises in the design, manufacture and sale of lifting fittings and blocks for the oil and gas, construction and mining sectors.

Acco operates in the design, engineer manufacture, and distribution of material handling equipment.