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Briggs Purchasing 50% of Barloworld US Locations
News is being released that Briggs Equipment is purchasing 15 Barloworld US locations, all of Florida, most of Carolina's, Arkansas, etc. Making Briggs Equipment the largest lift truck dealer in the world!
  • Posted 26 Jan 2012 02:22 AM
Total replies: 20. Showing items 1 - 20 of 20 results.
Replies
Here is what is posted on the internet.

Briggs International Announces Proposed Acquisition of Hyster Lift Truck Assets and Facilities from Barloworld Handling

DALLAS, Jan 25, 2012 (BUSINESS WIRE) -- Briggs International, Inc., a Sammons Enterprises, Inc. company, announced today that its subsidiary Briggs Equipment has executed a letter of interest to acquire a portion of Barloworld Handling's assets. With this acquisition, Hyster Company will appoint Briggs as an authorized dealer for the sales and service of Hyster brand lift trucks in a portion of Barloworld's territory. Barloworld Handling has accepted Briggs' letter of interest. Briggs is conducting due diligence of Barloworld's US materials handling operations. Completing the transaction is subject to execution of a definitive and binding agreement.

Once completed, this transaction will position Briggs as one of the largest Hyster dealers in the United States, with responsibility for a large portion of the southern United States. Briggs will sell and service Hyster brand lift trucks in Florida, Arkansas and Atlanta, and portions of North Carolina, South Carolina, Georgia, Alabama, Mississippi and Tennessee. Briggs will assume dealer responsibilities in these territories.

Briggs is currently one of the largest dealers of Yale brand lift trucks, with branches servicing Yale products and customers in portions of Texas, Louisiana, Mississippi, Alabama and Georgia. Briggs International subsidiaries also are the Yale dealers for the United Kingdom and the Hyster and Yale dealer for most of Mexico. Both Hyster Company and Yale Materials Handling Corporation are operating divisions of NACCO Materials Handling Group.

"Briggs is excited by the potential to expand both its footprint and product offering in the United States with the addition of the Hyster brand," said Dave Bratton, CEO of Sammons Enterprises. "The growth of our materials handing business brings more opportunities to our employees and better service to our customers. This acquisition provides our customers with more product options and quicker response times."

"We are confident Hyster products combined with Briggs Equipment sales, service and material handling expertise will deliver excellent customer satisfaction," said Jonathan Dawley, president of Hyster Distribution. "We look forward to continuing our deep relationships with current Hyster customers, as well as developing a solid relationship with new customers through Briggs' efforts."

About Briggs International, Inc.

Headquartered in Dallas, Briggs International, Inc. and its subsidiaries are leading providers and renters of premium, materials handling equipment, currently with locations in the United States, the United Kingdom and Mexico. In addition to providing Yale brand lift truck and fleet management services, Briggs also represents a variety of other materials handling equipment manufacturers. Offering full-service solutions to customers, Briggs supports its customers with financing, safety training, a market-leading parts inventory and 24-hours-a-day, 7-days-a-week service programs. The company's 1,000 service technicians are situated at 31 locations.

More information at [url removed]. Briggs International, Inc. is a Sammons Enterprises, Inc. company. Briggs employs approximately 1,700 people.

About Hyster Company

Based in Greenville, [url removed], Hyster Company ( [url removed] ) is a leading worldwide lift truck designer and manufacturer. Hyster Company offers 130 models configured for gasoline, LPG, diesel and electric power, with the widest capacity range in the industry -- from 2,000 to 115,000 lbs. Supported by one of the industry's largest and most experienced dealer network, Hyster Company builds tough, durable lift trucks that deliver high productivity, low total cost of ownership, easy serviceability and advanced ergonomic features; accompanied by outstanding parts, service and training support.

Hyster Company is an operating division of NACCO Materials Handling Group, Inc. (NMHG), which employs approximately 5,000 people worldwide. NMHG is headquartered in Cleveland, Ohio, and is a wholly owned subsidiary of NACCO Industries, Inc. NC -0.06%.

Briggs, Hyster and Yale are registered trademarks of the respective owners.

SOURCE: Briggs International, Inc.

"Have An Exceptional Day!"
  • Posted 26 Jan 2012 03:36 AM
WOW!!! Maybe they will bring in some management with some brains and get things back on track.
  • Posted 26 Jan 2012 04:02 AM
  • edward_t
  • South Carolina, United States
I have also heard that some Caterpillar Lift Truck dealers may be getting a bit of that action, so to speak.
I guess Elvis really has left the building.

"it's not rocket surgery"
  • Posted 26 Jan 2012 05:40 AM
A CAT dealer is getting the other 15 Barloworld [url removed] word on the street is they are dropping the CAT line and picking up [url removed] least that is what my Barloworld contact told me......
  • Posted 26 Jan 2012 06:10 AM
  • edward_t
  • South Carolina, United States
wow, you know, in my little corner of the world, this all is about as big a news story as I have ever heard.

"it's not rocket surgery"
  • Posted 26 Jan 2012 12:45 PM
Wow ,will the next step be to joining of Briggs and Barlow in Europe. Then if it is you will see two driftnet product lines Hyster big trucks Yale small trucks and warehouse equipment
  • Posted 26 Jan 2012 06:13 PM
  • EasyM
  • South Carolina, United States
The Cat dealer involved here is probably going to drop the line represent Hyster only.
  • Posted 26 Jan 2012 10:00 PM
  • Jplayer
  • North Carolina, United States
yes edwardt that would be correct
we will be procuring the hyster dealership here in charlotte and i assume all thier surrounding branches as well. Basically taking thier territory and customers while maintaining our current customer base as usual (if they decide to stay with us).

As for the previous question posed about what will happen to mcfa? of course we cannot assume both cat and hyster due to conflict of interest due to competiton between the 2 mfgs and they will not allow this. We will be assuming hyster alone and dropping the mcfa line. So it will be up for grabs in the market in our area.

We had a service meeting yesterday morning just before this was publically released so i myself do not know all the details and they will unfold as time goes. At the moment nothing is official, its just in the acquisition/investigation phase. Until ed jr signs the dotted line that is :)

I'm sure there will be more to come.....

John Player Jr
_________________
LiftOne, LLC
Charlotte, NC
Email: jplayer@liftone.net
  • Posted 26 Jan 2012 11:40 PM
Wow, I used to work for one of the B branches. Hyster has more to offer ( in my opinion ) also they can offer bigger machines.
  • Posted 27 Jan 2012 01:26 AM
  • millreef
  • Staffordshire, United Kingdom
Not such good news for the Barlow engineers in the States if what happened in the UK is anything to go by. When Briggs bought the Cat dealer in the UK Briggs proceeded to loose 40% of the fleet to competition which resulted in a reduction of almost 200 technicians in four years. I only hope Briggs US management have learned from the incompetence shown by their UK counterparts.
  • Posted 27 Jan 2012 04:49 AM
Not surprised but surprised it took this long. Good news for some of the good people at B'World but I'll bet there's a few in Tampa puckered up a little bit because Florida is a main reason for all of this happening.
  • Posted 27 Jan 2012 05:18 AM
Well Briggs run a very lean operation, but from what I can tell they have very good and dedicated employees, and if they lost over 200 engineers in UK it was because they had more than they needed. Briggs has turned the UK operation from a big money loser into a big money maker, you cannot argue with their financial results which is best for everyone.
  • Posted 27 Jan 2012 07:07 AM
My barlworld contact has told me that the raleigh/fayetteville branch held a meeting this morning and was told that they're branch is being bought by briggs due to lift one not wanting to compete with gregory pool. As far as all the other branch's of barlo, lift one will be taking over and yes lift one is giving up MCFA and it is up for grabs. Looks like G&W Equipment will have the upper hand on the cat line being they are already a mitsi dealer.
  • Posted 27 Jan 2012 07:19 AM
  • grumpy
  • Georgia, United States
briggs is getting atlanta branch in ga, all fla branches, dothan,al , little rock, memphis, nashville, lift one gets dalton , macon , savannah, albany, augusta and most of nc and sc, knoxville, chattanooga. the south africans threw us under the bus.
  • Posted 27 Jan 2012 08:59 AM
  • edward_t
  • South Carolina, United States
I am willing to bet that bus comes along again soon for the employees of a few of the players in this fiasco.

"it's not rocket surgery"
  • Posted 27 Jan 2012 09:15 PM
  • lifter01
  • West Yorkshire, United Kingdom
Anybody know if its just happening in the US or should the Barloworld UK techs be starting to get worried this could be happening over here too????
  • Posted 28 Jan 2012 07:44 AM
  • grumpy
  • Georgia, United States
i was told by the branch operations mgr that barloworld is getting out of the lift business entirely, so keep your ears open , i had wondered why we sold off the core business PPC, now i understand, barloworld is liquidating itself to spite the south african government. apparently, south africa has mandated that all large companies give partial ownership to the population, hence the mad concentration recently on the "stakeholders".
  • Posted 28 Jan 2012 10:15 AM
  • lifter01
  • West Yorkshire, United Kingdom
At the time PPC was de-bundled and sold lol i was told by a very senior manager in the uk that it was to forstall a hostile takeover of Barloword to get hold of PPC
I used tp enjoy working at Barlows but the way things got changed around by incompetent managers lol im glad im out. I feel sorry for the techs but will have a good chuckle when Barlows are no more
  • Posted 29 Jan 2012 06:54 AM
Hey Cowboy,
Do you currently or did you work for Briggs? What are your thoughts of Briggs?
  • Posted 30 Jan 2012 05:05 AM
I work for Briggs in Louisiana. It is the greatest company i have worked for. Great retirement plan no one else offers. I use to be a tech at the Hyster dealer here and Briggs is way better. The managers here work with us and dont just holler about stuff. Also Briggs is very profitable and they are part of Sammons a very rich company.
  • Posted 31 Jan 2012 11:01 PM
Total replies: 20. Showing items 1 - 20 of 20 results.

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