Discussion:
GNB Batteries

What is the latest info on GNB..they have been going through a number of people changes. Are they are real player in the the Industrial Battery market. How about their financial status.
  • Posted 29 Nov 2014 02:52
  • Discussion started by malcolm1
  • Pennsylvania, United States
Showing items 1 - 4 of 4 results.
^^^LOL at the company shill above.

Anyway...this is about industry news & whispers, not a forum for self-promotion.

As I see it (in brief):

The company is in dire financial straits, consolidating many positions to reduce overhead. The inability or reduced ability to recycle has (Google GNB Frisco, TX or GNB Vernon, CA to see what I mean) impacted profitability. Those EPA headaches aren't going away any time soon. And quite frankly, this company's environmental irresponsibility is alarming and should concern everyone since it is a smudge on our industry as a whole.

Yes, many people have left/been re-assigned. I know of a handful personally.

Delisted from NASDAQ in 2012 I believe, trading OTC around.05/share.

Two bankruptcies in the last decade.

Long term prospects, not good. I'm sure they are ripe for a buy-out. (Johnson Controls? Crown Battery?)

Just my opinions here.

Carry on.
  • Posted 11 Dec 2014 23:51
  • Reply by arminius
  • California, United States
GNB Motive Power is doing very well and has dramatically expanded our lines of industrial batteries and energy-conserving chargers. We have added skiiled resources to every aspect of the value chain from development to service/support and recycling capabilities. Our product lines cover traditional flooded-cell as well as high-energy tubular products. Visiti us at the 2015 ProMat show in Chicago. See our solutions at www.gnb.com.
  • Posted 5 Dec 2014 09:49
  • Reply by DHitchcock
  • Illinois, United States
See our Motive Power Solutions at work
ww.gnb.com
the battery business is a fairly volitile business...
there are always changes in personell, sometimes more than other times
GNB has been around for years and i do not think they are going anywhere.
  • Posted 29 Nov 2014 13:37
  • Reply by swoop223
  • North Carolina, United States
You've been swooped!
swoop223@gmail.com
Exide group are a pretty big worldwide company & have been in the industrial motive power scene for a very long while.

I've always joked with there engineer's that GNB on there uniform stands for Got No Batteries.
  • Posted 29 Nov 2014 04:26
  • Reply by Forkingabout
  • england, United Kingdom

Post your Reply

Forkliftaction.com accepts no responsibility for forum content and requires forum participants to adhere to the rules. Click here for more information.

Having trouble using the Discussion Forums? Contact us for help.

UN Forklift FD40T
HANGZHOU, Zhejiang, China
New - Sale
Hangcha CQDB14AC1JNA
Flesherton, Ontario, Canada
New - Sale

PREMIUM business

Flexi® By Narrow Aisle Limited
Leading manufacturers of very narrow aisle (VNA) equipment.
Fact of the week
On average, people read 10-30% slower from a screen than from paper.
Global Industry News
edition #1228 - 1 May 2025
There is simply no ignoring the push for a greener, more sustainable materials handling equipment industry as manufacturers and customers alike seek eco-friendly solutions to reduce or eliminate carbon emissions... Continue reading
Upcoming industry events …
May 09-11, 2025 - Bangalore, India
October 21-23, 2025 - Panama City, Panama
July 15-17, 2025 - Hong Kong, Hong Kong
Movers & Shakers
Linda Häkkilä Linda Häkkilä
vice president, Investor Relations, Konecranes
vice president operations, Elokon Group
President, EP Equipment Europe
Senior vice president human resources, Kalmar