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Newsletter #001 (View other news stories)
RAYMOND WINS FIVE-YEAR HOME DEPOT CONTRACTGreene, United States Friday, 2 Feb 2001
GREENE, USA -- New York-based Raymond Corporation has signed a five-year agreement to supply US company The Home Depot with the majority of its electric lift trucks.
The agreement includes comprehensive maintenance contracts for all Raymond Reach-Fork trucks, Orderpickers and Walkie Pallet Truck models, national short-term rental rates and fleet management services. The value of the deal has not been released by either company. Raymond president and chief executive officer Jim Malvaso said The Home Depot planned to expand to more than 2300 retail outlets across the US by 2005, so the agreement would ensure a large number of lift truck orders. "The Home Depot has been a significant part of our business since 1994. This agreement, unprecedented in our industry, is a result of the quality and reliability of our products, people and services," he said. Raymond is a global supplier of warehouse trucks. The company says its products travel more than 400 million warehouse miles a year, and are in use by nine out of 10 Fortune 100 companies.
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