Konecranes buys Morris USA

News Story
- 25 May 2006 ( #261 ) - HYVINKÄÄ, Finland
1 min read
KCI Konecranes will reunite UK-based Morris Material Handling with its previous owner through the acquisition of a majority shareholding in MMH Holdings Inc, in the US (MMH).

The Morris UK business was sold to management in 1999 and acquired by Konecranes in 2005 (Forkliftaction.com News #191).

MMH filed for bankruptcy protection in 2000 but has since bounced back. Annual sales for fiscal 2005 were about USD170 million. In the first half of fiscal 2006 sales were USD102 million and operating profit was USD5.5 million, Konecranes said in a statement.

Konecranes' US subsidiary HHM Acquisition bought 59.2 per cent of MMH last week. "Due to the nature of the transaction it has not been possible to conduct a due diligence investigation of the target company," Konecranes said.

"However, based on knowledge of the crane and crane maintenance industries, the company has no reason to believe MMH's general business and financial risk profile would materially deviate from what is typical in the US in this field."

In 2003, MMH sued Konecranes for violation of intellectual property rights and unfair competition. MMH alleged Konecranes and its affiliates misused the P&H trademark licensed to MMH, and passed off non-P&H aftermarket parts as genuine P&H parts (Forkliftaction.com News #130).

A Konecranes spokesperson said a court decision was likely in the third quarter of 2006.

"The company does not, at the moment, have reason to expect the case to have a material effect and the acquisition of shares in MMH is not related to the legal disputes," she said.

She said Konecranes intended to acquire additional MMH shares because MMH was an established player in the crane industry with a long trading history in the North American market.
Briefs
Briefs 10 Jul 2025 - 1 min read
Best Line and Burwell expand in US
Best Line and Burwell expand in US 10 Jul 2025 - United States - 1 min read
Briefs
Briefs 26 Jun 2025 - 1 min read
Previously about:
TOC Europe wraps up News Story - 3 Jul 2025 - Rotterdam, Netherlands - 1 min read
Bangladeshi depot orders electric empty container handlers News Story - 26 Jun 2025 - Chittagong, Bangladesh - 1 min read
Konecranes launches e-hybrid RTG News Story - 19 Jun 2025 - Rotterdam, Netherlands - 1 min read
Konecranes streamlines UK business News Story - 29 Oct 2009 - Hyvinkää, Finland - 1 min read
Do you have materials handling news? Submit your news here

It’s the year 2000. You’re in front of a boxy beige desktop waiting for the screeching ramblings of your dial-up to reach its finale. You go to Yahoo!, MSN, or maybe AOL, and start the mind-numbing process of finding your very specific needle in the digital haystack. And with web pages loading one image at a time, patience isn’t just a virtue – it’s a requirement!

As clumsy as this early iteration seems now, this technology was the great enabler that allowed Forkliftaction to connect to the industry across the globe.  

To everyone who has connected with Forkliftaction in the past 25 years, thank you for your contribution to our success! We feel deeply touched by your words of encouragement.

What has Forkliftaction meant to you? Drop us a line.

Words of support …

I know I can count on them. They give valuable suggestions on the campaign planning, and to publish content is as easy as abc, as they take care of the material layout and check links. This is a great support.

Annalisa Castellini, Marketing Manager

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

Forkliftaction's JOB MARKET

It’s the year 2000. You’re in front of a boxy beige desktop waiting for the screeching ramblings of your dial-up to reach its finale. You go to Yahoo!, MSN, or maybe AOL, and start the mind-numbing process of finding your very specific needle in the digital haystack. And with web pages loading one image at a time, patience isn’t just a virtue – it’s a requirement!

As clumsy as this early iteration seems now, this technology was the great enabler that allowed Forkliftaction to connect to the industry across the globe.  

To everyone who has connected with Forkliftaction in the past 25 years, thank you for your contribution to our success! We feel deeply touched by your words of encouragement.

What has Forkliftaction meant to you? Drop us a line.

PREMIUM business

Cascade Corporation (World HQ)
Leading manufacturers of attachments, forks and related technologies for forklifts and AGVs.

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

Forkliftaction's JOB MARKET

It’s the year 2000. You’re in front of a boxy beige desktop waiting for the screeching ramblings of your dial-up to reach its finale. You go to Yahoo!, MSN, or maybe AOL, and start the mind-numbing process of finding your very specific needle in the digital haystack. And with web pages loading one image at a time, patience isn’t just a virtue – it’s a requirement!

As clumsy as this early iteration seems now, this technology was the great enabler that allowed Forkliftaction to connect to the industry across the globe.  

To everyone who has connected with Forkliftaction in the past 25 years, thank you for your contribution to our success! We feel deeply touched by your words of encouragement.

What has Forkliftaction meant to you? Drop us a line.