Hi with connection to Hyster yale , lets have a look at the company. NACCO CEO has said that they are to sell of the business next year. A IPO is out of the question there is no market for this or KION would have done this. They tried a couple of sovereign funds but they did not think it was a market they wanted to be in so KION had to go to China. Around 70% of Hyster yale sales are in North America Hyster have done a licencing agreement in India with a company called tractors of India for forklift over 8,000kg in India and NACCO are working with HC in China on the Utilev brand.


NACCO want to sell part of Hyster and yale to make a stand alone company. partners for this are very thew there is only the TCM Nissan company in Japan , a Chinese company or Sammons who could possibly afford to invest in Hyster Yale. As sammons is now the largest NACCO dealer they would have the most to lose if Hyster Yale went to another company. NACCO would have approached Sammons to buy BW with there Briggs company NACCO could not afford to buy BW or they would have done they have said they don't have the capital for acquisitions.

The Briggs Business is now closely tied to the NACCO business SAMMONS have the capital to buy Hyster Yale its that straight forward.


Here is what the NACCO CEO said

NACCO's chairman and CEO Al Rankin said that now is the right time because the company is in a strong operating position with low net debt ratio and is a positive cashflow generator.

Rankin said that the purpose of splitting off Hyster is to give the company greater flexibility to pursue strategic growth opportunities such as acquisitions and joint ventures, and to give Hyster-Yale direct access to capital and debt markets to fund these initiatives.

The spin-off also gives Hyster far better investor visibility by creating a single industry investment option. In recent years the Hyster product line has been extensively overhauled, the manufacturing footprint has been rationalised and a centralised supply chain system put in place.

Confident that Hyster has its own house in order, management believes it is time to start looking at acquisitions and joint ventures. Rankin will become the president and CEO of Hyster-Yale Materials Handling after the spinoff, which is expected to be completed in the third quarter.