Discussion:
NAACO Hyster Yale

I wanted to recieve some industry feedback on the future of Hyster Yale. With all of changes going on in the industry.
  • Posted 13 Sep 2012 17:56
  • Discussion started by salesmaster
  • Arizona, United States
Showing items 1 - 9 of 9 results.
Just my 2 cents worth, I think over the next two years we will see some big changes in the lift truck business. I also think some of the smaller brands will go away. Much like the rental business, we just seen United buy out RSC or they Merged whichever. The fact is there are two many brands in the American market, not to mention the brands coming from Asia. Hyster Yale is making a push for to combine both brands with one dealer. Would should ask Why is that??????

If I was a Yale only dealer I would be worried about my dealership. Mitsi and Cat seem to be going to one dealer. I have even heard that Mits might do away with the Cat name and focus on Mits only. As for NAACO selling out, I just do not know or would expect that to happen. I could see in the future the Hyster line only having Class 4,5 and Yale only Class 1,2,3 who knows. Maybe the Yale line might be killed off. Its anyones guess. Some say that Hyster is the better name, but in class 123 Yale does a better job. Over the last 20 years the Yale guys were always the price and price only guys.

But I think over the next two years there are going to be some game changers in the business. Good thing I am no longer in the new truck business.
  • Posted 12 Oct 2012 15:26
  • Reply by salesmaster
  • Arizona, United States
Toyota had the opportunity to buy Hyster when NACCO bought them but evidently decided against. Why would Toyota want them now that they have been Yaleized?
  • Posted 11 Oct 2012 23:28
  • Reply by TruckPeddler
  • Mississippi, United States
So why would Toyota want to buy Hyster Yale????
  • Posted 11 Oct 2012 12:13
  • Reply by salesmaster
  • Arizona, United States
From your lips to God's ears!
  • Posted 4 Oct 2012 22:57
  • Reply by malcolm1
  • Pennsylvania, United States
I heard a rumour that Toyota were lining up to buy a controling stake in Hyster Yale.
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.
  • Posted 13 Sep 2012 21:52
  • Modified 13 Sep 2012 22:00 by poster
  • Reply by Daveilift
  • west yorks, United Kingdom
NACCO's share has been flat for years, growth in Class II and III is not a real option vs Crown/Raymond. Their are making money and their Dealers are being gradually blended to promote both brands. UTILEV is not the answer especially if they are not ITA booking in the US market. It's time for the NACCO family to unload be it Sammons or whoever.
  • Posted 13 Sep 2012 21:42
  • Reply by malcolm1
  • Pennsylvania, United States
whatever "feedback" you get will almost without a doubt be rumor. and almost absolutely 100% 'opinion'...
"The industry" is almost always in some state of change, we just had a few years where the word "change" was too scary to say out loud, so it was kept out of conversation anyone might overhear.
  • Posted 13 Sep 2012 20:53
  • Modified 13 Sep 2012 20:53 by poster
  • Reply by edward_t
  • South Carolina, United States
"it's not rocket surgery"
Sammons will buy them next year
  • Posted 13 Sep 2012 20:39
  • Reply by Daveilift
  • west yorks, United Kingdom

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