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 26 Jun 2025 - 1 min read
Noblelift moves to acquire Canadian distributor
Noblelift moves to acquire Canadian distributor 26 Jun 2025 - Quebec, Canada - 1 min read
Bolzoni acquires specialist equipment manufacturer
Bolzoni acquires specialist equipment manufacturer 29 May 2025 - Piacenza, Italy - 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

Showcased in the Virtual Expo

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 …

After advertising with Forkliftaction.com, we got many enquiries regarding interest to be our distributor. Mostly from Europe and USA but including a few in ASEAN. We feel that the advertisement was useful and good for market expansion.

Lawrence Xu, Assistant Sales Manager

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

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