HAT BUYS CLARK ASIA

News Story
- 10 Apr 2003 ( #102 ) - SEOUL, Korea, Republic Of
1 min read
Young An Hat Co (YAHC) has taken over Clark Material Handling Asia (CMHA) following its acquisition of Clark Material Handling Company (CMHC) in January.

YAHC's buyout bid for Clark Material Handling Europe failed last week after it was rejected by employees.

CMHA, the South Korean subsidiary of CMHC, was created when Clark bought the forklift division of Samsung Heavy Industries in July, 1998. The Asian operation went into receivership when CMHC was taken over on January 31.

CMHA creditors told Asia Pulse YAHC would assume all capital and employees at CMHA, pending the approval of creditors, such as the Korea Development Bank and its shareholders. The hat maker did not reveal its acquisition bid.

YAHC, which holds more than 40 percent of the world hat market, also owns hotels, farm equipment production facilities, a supermarket chain and multiple bus manufacturing operations. It has more than 4,000 employees worldwide and estimated sales of US$750 million in 2003.
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Previously about:
CLARK OFFER REJECTED, CLARK MHE GOES BUST News Story - 3 Apr 2003 - MULHEIM, Germany - 2 min read
THE BATTLE FOR CLARK EUROPE HEATS UP News Story - 20 Mar 2003 - MULHEIM, Germany - 2 min read
Product News News Story - 19 Sep 2013 - 2 min read
AIRTRAX TO BUY INTO NEW CLARK GERMANY OWNER? News Story - 8 May 2003 - HAMMONTON, United States - 2 min read
TVH TAKES OVER CLARK GERMANY'S PARTS BUSINESS News Story - 8 May 2003 - MULHEIM, Germany - 1 min read
CLARK OFFER REJECTED, CLARK MHE GOES BUST News Story - 3 Apr 2003 - MULHEIM, Germany - 2 min read
THE BATTLE FOR CLARK EUROPE HEATS UP News Story - 20 Mar 2003 - MULHEIM, Germany - 2 min read
Clark returns headquarters to US News Story - 17 Apr 2025 - Dallas, TX, United States - 1 min read
Clark moves global HQ back to US News Story - 27 Jun 2024 - Dallas, TX, United States - 1 min read
Clark bounces back with 4th profitable quarter News Story - 22 Jul 2004 - LEXINGTON, KY, United States - 1 min read
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"From our side at Logitrans, here in Denmark in Northern Europe, we truly value our cooperation with Forkliftaction. For us, being able to publish through the various Forkliftaction editorials and channels, the world gets a little smaller. This is an amazing way for us to reach and connect with potential end-users and new dealers throughout the world, even from our little, remote corner in Scandinavia...congratulations on your 25th anniversary! - Gitte Kirkegaard, CEO, Logitrans 

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"From our side at Logitrans, here in Denmark in Northern Europe, we truly value our cooperation with Forkliftaction. For us, being able to publish through the various Forkliftaction editorials and channels, the world gets a little smaller. This is an amazing way for us to reach and connect with potential end-users and new dealers throughout the world, even from our little, remote corner in Scandinavia...congratulations on your 25th anniversary! - Gitte Kirkegaard, CEO, Logitrans 

Thanks for your support! Read the full testimonial & more industry messages ♥ here.

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