Crown withdraws factory offer, protects colour

News Story
- 11 Dec 2008 ( #390 ) - Connersville, IN, United States
1 min read
Crown's distinctive beige colour has been protected
Crown's distinctive beige colour has been protected
Crown Equipment Corp has withdrawn an offer to buy a former Visteon Corp automotive parts plant in Connersville, the Palladium-Item of Richmond, Indiana reported on 3 December. Crown submitted a letter of intent in October.

An executive at New Bremen, Ohio-based Crown and municipal officials in Connersville declined to comment on the business decision.
Visteon discontinued production in the 1.6-million square foot (144,000 sqm) factory in December 2007. The plant made vehicle heating and cooling systems and, at one time, employed more than 3,000 people.

About five miles away and also in Connersville, privately owned Crown operates a machine shop that stamps metal components for lines of Crown forklifts.

Ford Motor Co spun off its Visteon automotive systems unit in 2000. On 14 November, the New York Stock Exchange notified Visteon of Van Buren Township, Michigan that the firm's stock had fallen below the exchange's listing standard requiring a minimum average closing price of not less than USD1 during a consecutive 30-day period.

Meanwhile, Crown has resolved a trademark dispute with E-P Equipment Co Ltd of Hangzhou, China and subsidiary E-P Equipment USA Corp of Inman, South Carolina.

Crown and E-P agreed to end the trademark issue, which stems from E-P expropriating a particular Crown-protected beige colour on certain material handling equipment.

Crown has trademarks for the colour in the US, Canada and Australia and has applied in other countries for colour protection.
E-P agreed to stop using beige as a colour on certain material handling equipment and making use of the colour in promotional materials and, by 19 May, to make sure its dealers, distributors and direct customers discontinue using beige in their promotional materials.
Little Rock, AR, United States A US Department of Labor investigation has determined a Carrollton, Texas lumber supplier and retailer could have prevented the death of an 18-year-old worker who was struck by a...
Lawrence, MA, United States Abel Womack has purchased the assets and customer base of NECO Systems, a Connecticut-based forklift and materials handling organisation for nearly 27 years. Tom Franceskino, NECO president and former...

Fact of the week

From 1912 to 1948, gold, silver and bronze medals were awarded for literature, architecture, sculpture, painting, and music as part of the modern Olympic Games. Art works were required to be inspired by athletic endeavors. After heated debate about their place in the games, the art events were eventually removed. The 151 medals awarded were officially stricken from the Olympic record.

Upcoming Events

February 15-16, 2023 - Birmingham, United Kingdom
September 12-14, 2023 - Novi, MI, United States
November 21-22, 2023 - Liverpool, United Kingdom

In the Discussion Forums

Rebo Systems has developed a unique in-house label printer that can effectively satisfy all your demands for signs and labels on your materials handling equipment.
See your dealership promoted extensively on Forkliftacion and Machinery-onQ with our 12-month dealer advertising package. You'll receive: Wholesale trading (wholesale prices and opportunities) Unlimited stock on Machinery-onQ Extensive promotion...
With its new sit-on stackers, Cat® Lift Trucks is again encouraging businesses to look beyond the usual materials handling solutions.
IntraLogisteX, the intralogistics show of the year, returns on 28th & 29th March 2023 at the NEC Birmingham.

Inside Forkliftaction

The year is not even a month old, and already we are seeing increased acquisition activity in the US dealer market.
One has to ponder the reasons for this surge, and no doubt, intensifying competition is a major driver. In order to prosper, dealers need critical mass, access to multiple
...Continue Reading