NACCO Materials Handling Group, a leading manufacturer of materials handling equipment worldwide, announces the proposed acquisition of the assets and facilities of Barloworld Handling UK, the exclusive HYSTER dealer for materials handling products in the UK, by Briggs Equipment UK Ltd. the exclusive UK dealer for Yale Europe Materials Handling products. With this acquisition Briggs will take over sales and service of both the Hyster and Yale brands of lift trucks in the UK.
Ralf Mock MD NACCO Materials Handling Group EMEA said: “The addition of the Hyster brand combined with Brigg’s expertise and focus on sustainable growth in the highly competitive rental market in the UK, will undoubtedly deliver unrivalled service with award winning products, delivered by passionate industry experts. On completion, this acquisition will position Hyster and Yale with the largest, multi-skilled engineering workforce in the UK, delivering an enhanced service solution for their customers. Barloworld is a long standing and valued partner of NMHG and will continue to work in partnership with Hyster on their dealerships in the Netherlands, Belgium and South Africa. ”
Richard Close, CEO for Briggs Equipment UK, said: “This agreement demonstrates our unwavering commitment to the UK market; growing strategically and dynamically over and above our competitors. This move reflects the aspiration of Briggs which is to invest, grow and expand; building on our platform of success since the Yale UK acquisition two years ago.”
Completion is expected to occur no later than 30 September 2012 at which time Briggs will have responsibility for sales and service of both the Hyster and Yale brand of lift trucks in the UK. This acquisition will position Briggs with the largest, multi-skilled engineering workforce in the UK, delivering an enhanced service solution for its customers.
About NACCO Materials Handling Group – Since 1989, NACCO Materials Handling Group (NMHG) has provided the strategic leadership and global support behind Hyster® and Yale® lift trucks, two of the most successful lift truck brands in the industry. NACCO Materials Handling Group, Inc., (NMHG), employs 5,300 people worldwide. NMHG is headquartered in Cleveland, Ohio, and is a wholly owned subsidiary of NACCO Industries, Inc. (NYSE:NC).
About Yale – Yale Europe Materials Handling is the trading name of NACCO Materials Handling Limited. Yale has an unrivalled heritage in the design and manufacture of electric, diesel, LPG and CNG-powered counterbalance forklift trucks and is credited with introducing the first electric powered lift truck to the European market in 1919. Today, as one of Europe’s fastest-growing forklift truck brands, Yale Europe Materials Handling produces a full range of forklift trucks and warehouse equipment in capacities from 1000kg to 16000 kg. These forklift trucks provide customers with unrivalled productivity and the lowest lifetime cost of ownership solution on the market.
About Hyster – Based in Greenville, N.C., Hyster Company (www.hyster.com) is a leading worldwide lift truck designer and manufacturer. Hyster Company offers 130 models configured for gasoline, LPG, diesel and electric power, with the widest capacity range in the industry — from 1,000kg up to 48 tonnes. Supported by one of the industry’s largest and most experienced dealer networks, Hyster Company builds tough, durable lift trucks that deliver high productivity, low total cost of ownership, easy serviceability and advanced ergonomic features; accompanied by outstanding parts, service and training support.
Both Hyster Company and Yale Materials Handling Corporation are operating divisions of NACCO Materials Handling Group.
Briggs Equipment UK – Briggs Equipment UK Ltd is a leading materials handling service provider and sole distributor of Yale Europe Materials Handling products. Providing a wide range of equipment for a broad customer base, Briggs provides innovative, tailored and cost effective solutions on a nationwide basis. With its headquarters and national support centre in Cannock, Briggs people assist and advise in the delivery of long term solutions that enable customers to develop more efficient and results driven businesses. Briggs Equipment, a Sammons Enterprises Inc. company, is a subsidiary of Briggs International. Briggs International has dealerships of Yale and Hyster products across the southern Unites States and in Mexico.
Briggs, Yale and Hyster are the registered trademarks of the respective owners.