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.
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.”
Briggs Equipment UK Ltd, a Sammons Enterprises Inc. company, is a subsidiary of Briggs International. Briggs International has dealerships of Yale and Hyster products across the southern United States and in Mexico. Both Hyster Company and Yale Materials Handling Corporation are operating divisions of NACCO Materials Handling Group.
Briggs Equipment UK Ltd is a leading materials handling service provider and sole distributor of Yale Europe Materials Handling products in the United Kingdom. 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.
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.