US forklift and AGV attachment manufacturer Cascade Corporation, has finalised its acquisition of 60% of Turin-headquartered Eurofork after receiving European regulatory approval.

The remaining 40% of in the automated handling solutions provider will be retained by FT Invest Srl, ensuring continuity in Eurofork’s governance and strategic direction. 

Cascade states Eurofork will continue to operate in collaboration with all system integrators worldwide as a Tier 1 supplier, maintaining full independence and commercial neutrality.

“The fact that a US-based multinational company such as Cascade Corporation has chosen to invest in our region is a source of great pride, not only for us but for the entire Italian industrial ecosystem,” explains Maurizio Traversa, CEO of Eurofork.

“Cascade has recognised in Eurofork a company of technological excellence and a partner with strong growth potential.

“This step allows us to concretely accelerate our development path, expanding opportunities at all levels - from our employees through to the wider supply chain - and strengthening our role in a global context, without sacrificing our identity and independence.”

Cascade Corporation is headquartered in Oregon and operates at more than 30 locations globally, designing and manufacturing attachments, forks, masts and related technologies for forklifts and AGVs. 

Davide Roncari, president and CEO of Cascade Corporation, says the investment marks an important milestone for the business.

“By bringing our organisations together, we are strengthening our position in advanced logistics and expanding our ability to deliver more comprehensive, end-to-end solutions to customers worldwide,” Roncari continues.

“We are committed to supporting Eurofork’s continued growth while preserving the independence, technical strength, and customer focus that have made it a trusted partner to system integrators.”