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.
Merger creates new MH entity in US
Merger creates new MH entity in US 30 Jan 2025 - Charlotte, NC, United States - 1 min read
Clark moves global HQ back to US
Clark moves global HQ back to US 27 Jun 2024 - Dallas, TX, United States - 1 min read
Automated Handling Solutions launched
Automated Handling Solutions launched 5 May 2022 - Chicago, IL, United States - 1 min read
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
Do you have materials handling news? Submit your news here

PREMIUM business

Yale Lift Truck Technologies
Yale offers a full line of forklifts to help customers adapt to today's demanding supply chain.

Even the heaviest lifts must be easy to handle. That’s why N.C. Nielsen raises the bar in lifting capacity, maneuverability, operator comfort, flexibility and technical capabilities.
Heavy duty reach stackers – lifting capacity from 85 to 180 tons.
VIEW ALL OUR CUSTOM-BUILT HEAVY DUTY REACH STACKERS

Contact us now: +45 99 83 83 83 - www.nc-nielsen.com

Words of support …

These releases in Forkliftaction are a nice experience for SNDC... We got seven inquiries coming from Canada, USA, Mexico, Israel and Australia (five from retailers, two from machines manufacturers) and we are still in contact with them. I can state that's a success story!

David Massat, Sales Director OEM and Export

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

Even the heaviest lifts must be easy to handle. That’s why N.C. Nielsen raises the bar in lifting capacity, maneuverability, operator comfort, flexibility and technical capabilities.
Heavy duty reach stackers – lifting capacity from 85 to 180 tons.
VIEW ALL OUR CUSTOM-BUILT HEAVY DUTY REACH STACKERS

Contact us now: +45 99 83 83 83 - www.nc-nielsen.com

PREMIUM business

Hyster
Hyster is a world-leading provider of forklift trucks and services in the materials handling industry.

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

We’re excited to launch a major upgrade to the Forkliftaction forums, packed with new features and improvements. Here’s what’s new:

  • You can now add up to two photos to your posts
  • New search & navigation - find what you need easier
  • Smart brand/model tagging across all forums
  • Top contributors recognised for their efforts!

 Head over to the forums to check it out!