“WE WILL ALWAYS TREAT PEOPLE WITH HONESTY, DIGNITY AND RESPECT. WE’RE STILL DOING BUSINESS LIKE A CUSTOMER-FOCUSED SMALL-TOWN COMPANY IN WINONA.”
“We started as a tire chain company, and expanded quite a bit, but what really paved the way for true growth was the acquisition streak we went on during that period of about eight to nine years,” Wynn explained. “It really expanded our product offerings into below-the-hook and marine products, expanded our over-head lifting capabilities to a great degree.” Finally, capping a decade-and-a-half-long string of mergers and acquisitions in August 2014, Peerless was once again acquired itself, becoming a wholly owned subsidiary and manufacturing site of KITO Corporation, the largest producer of chain and wire rope hoists in the world. By combining the Peerless and KITO brands (including KITO-owned Harrington, a leader in the hoist and crane space), the company now offers customers access to a much wider variety of products in the markets they serve throughout KITO’s massive global network. Employing approximately 400 total employees today,
Peerless is a worldwide provider of lifting solutions, yet continues to rely on many of the early tenants they were founded upon: exceptional design, detail-oriented engineering, efficient manufacturing, and a century-old focus on community and customer service. “One thing that should be said is that we’ve
been here a long time,” noted Wynn. “We compete heavily for talented workers because there’s a lot of manufacturing in this area. Te culture we’ve tried to portray and live up to is one where people want to
go to work here. We have so many family members that work here—generations. And so many of them are very active in the community. We really try to be great corporate citizens.” Still headquartered in Winona, Minnesota,
where the young Bambenek brothers founded the company 100 years ago, Peerless now operates three manufacturing locations and six distribution centers. Te company’s products, which have and will continue to expand, are now grouped into six categories— overhead lifting, below-the-hook and material handling, cargo control, hardware and industrial, marine, and traction. Peerless is also recognized around the world for product brands ACCO, SCC, and the patented products provided within each brand. From its humble beginnings forging chains in a former butcher shop, Peerless has grown to be recognized as an international leader in the chain industry. Te company takes an enormous amount of pride in knowing that today’s employees are participating in a long and storied heritage that has made an indelible mark on American manufacturing— one of a handful of companies that can look back across the span of a century, while simultaneously looking forward to a bright and rewarding future. “People recognize the fact that we manufacture a
quality product,” added Wynn. “We’re very responsive to customers’ needs and requests. And now that we’re partnered with KITO—and connected to Harrington Hoists as a result—it’s really exciting to think about how we’re going to leverage the brand strength between all three into a package for our customers and the channels that we serve.” y
For more information, visit
www.peerlesschain.com. WIRE ROPE EXCHANGE MARCH–APRIL 2017 35
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