Yale Queensland is a wholly owned retail dealership of Nacco Material Handling Group (NMHG).

Once again, the rumour mill has kicked up speculation that forklift manufacturer Nacco Material Handling Group (NMHG) is about to sell another of its wholly owned Yale retail dealerships in Australia - this time, Queensland.

Just two months ago, a deal was struck between former Hyster dealer Hystandard to acquire NMHG's wholly owned Yale operation in Sydney, leaving Yale Queensland and Yale Victoria still within the NMHG fold (Forkliftaction.com News #440).

Now it appears that the Queensland operation will be the next to go, with Western Australia's Yale dealer, Budget Forklifts, mooted by industry insiders as a potential buyer.

Forkliftaction.com News' attempt to get comment from parties concerned was unsuccessful.

Whether Budget Forklifts is a potential buyer or not, industry insiders claim it's an open secret that NMHG wants to off-load all its Yale retail dealerships, much as it did its wholly owned Hyster divisions in Australia earlier this year.

The sale of NMHG's Hyster divisions to Adapt-A-Lift took place in mid-2009, following months of speculation (Forkliftaction.com News #417).

Parent company Nacco Industries Inc was hit hard by the global financial crisis, reporting a company-wide loss of USD9.1 million for the first quarter ended March 2009 versus profit of USD5.6 million in the comparable 2008 period (Forkliftaction.com News #410) along with job losses at a number of plants in 2009.