Well, just spoke with another insider this afternoon, sad to hear but TCM (aka) Hitachi is looking for someone to buy the materail handling divsion from TCM....It was thought that Heli would be a great buyer because of there deal in China... TCM did help Heli with their R&D and biulding of a forklift. Much like Clark did with TCM in the (50s) TCM (aka) Hitachi wants to focus on the mining business and heavy earthmoving equipment. TCM has a small dealer network with cash limits. Most TCM dealers sell out of a pamplet and have little capital to work with. Thus being said the sell off at TCM should not hurt its dealer network.
Im just woundering if not HELI, then who would by the product line from TCM. One has to say that the market is changing very fast, we have already seen the Yale and Hyster people merge togehter in some parts of the country. With the massive decline within the (ITA) I think we will see some product lines fade off within the next two years or so.
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