JLG transitions to Oshkosh ownership

News Story
- 14 Dec 2006 ( #290 ) - OSHKOSH, WI, United States
1 min read
Oshkosh Truck Corp has completed its acquisition of JLG Industries Inc, making the telehandler manufacturer its largest business segment (Forkliftaction.com News #282).

The USD3.2 billion all-cash transaction was completed on December 6, ending JLG's status as an independent company publicly traded on the New York Stock Exchange.

Oshkosh has named its executive vice president and chief financial officer (CFO) Charles L Szews interim JLG president.

Szews said: "The similar cultures and shared values of our organisations are integral to [the merger] process."

Eight teams with members from Oshkosh and JLG would lead the integration effort, focusing on short and long-term objectives, he said.

JLG is the 15th acquisition under current Oshkosh Truck management over 10 years. Oshkosh has added segments of the specialty vehicle and body markets to complement its defence truck business. The company reported profit of USD205.5 million on sales of USD3.48 billion for the fiscal year ended September 30 and employed 9,387 people on that date.

Two top executives have left JLG to "pursue other opportunities", Oshkosh said in a statement. William M Lasky was JLG board chairman, president and CEO, and James H Woodward Jr was JLG executive vice president and CFO.

JLG senior vice presidents Craig Paylor, Peter Bonafede and Wayne MacDonald were expected to continue with the JLG segment, the statement said. At JLG, Paylor oversaw sales and marketing, Bonafede manufacturing and supply chain management and MacDonald engineering.

Pennsylvania-based JLG, established in 1969, reported profit of USD149.3 million on sales of USD2.29 billion for the fiscal year ended July 31 and employed 4,088 people on that date.
Briefs
Briefs 14 Aug 2025 - 2 min read
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
Previously about:
Rental firm commits to 50 telehandlers News Story - 11 Apr 2013 - Independence, OH, United States - 1 min read
Product News News Story - 2 Dec 2010 - 2 min read
JLG substitutes metal for plastic on some hoods News Story - 14 Oct 2010 - McConnellsburg, PA, United States - 1 min read
Do you have materials handling news? Submit your news here
Inside The News
In this week’s Forkliftaction News we report on the recent IMHX event in Birmingham with coverage of new product launches, key themes and observations from those attending. We also name the winners of the 2025 Archies Awards, held in conjunction with IMHX... Continue reading

Showcased in the Virtual Expo

XQ360 with SLAMXQ by Collective Intelligence Group
XQ360 with SLAMXQ
Collective Intelligence Group

"During these 10 years, Hangcha has seen remarkable growth: revenue surged 3.6 times to ¥16.49 billion (2024), we established 18 overseas subsidiaries, pioneered industry-leading lithium forklifts and intelligent logistics solutions and significantly elevated our global brand. We deeply appreciate Forkliftaction's effective platform and unwavering support." - Kelly Xu, Marketing Specialist - Zhejiang HANGCHA Imp. & Exp. Co.,Ltd. 

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

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

"During these 10 years, Hangcha has seen remarkable growth: revenue surged 3.6 times to ¥16.49 billion (2024), we established 18 overseas subsidiaries, pioneered industry-leading lithium forklifts and intelligent logistics solutions and significantly elevated our global brand. We deeply appreciate Forkliftaction's effective platform and unwavering support." - Kelly Xu, Marketing Specialist - Zhejiang HANGCHA Imp. & Exp. Co.,Ltd. 

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

"During these 10 years, Hangcha has seen remarkable growth: revenue surged 3.6 times to ¥16.49 billion (2024), we established 18 overseas subsidiaries, pioneered industry-leading lithium forklifts and intelligent logistics solutions and significantly elevated our global brand. We deeply appreciate Forkliftaction's effective platform and unwavering support." - Kelly Xu, Marketing Specialist - Zhejiang HANGCHA Imp. & Exp. Co.,Ltd. 

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

PREMIUM business

RAEDER-VOGEL
Innovative high-quality wheels and castors for the forklift industry.

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

Forkliftaction's JOB MARKET