The Yale businesses owned by NMHG include the Queensland, Victoria and New South Wales dealerships.

Rumours are circulating in the industry that forklift manufacturer Nacco Material Handling Group (NMHG) is planning to sell its wholly owned Yale retail dealerships in Australia.

When contacted by Forkliftaction.com News, NMHG was unwilling to shed any light on the matter. Both NMHG Asia Pacific managing director Ian Neilson and US-based Nacco Industries, Manager-Finance, Christina Kmetko said they had no comment to make.

Of course, "not commenting" on a rumour is different to denying a rumour and one industry insider claims it's an open secret that the group wants to offload Yale, much like it did its wholly owned Hyster divisions earlier this year.

Prior to that sale which took place mid-2009, there had been months of rumours and plenty of 'no comments' from parties involved, but in the end, smoke proved fire and Adapt-A-Lift announced it had acquired NMHG's Hyster divisions in Australia along with the rental fleet of National Fleet Network, (Forkliftaction.com News #417).

The Yale businesses owned by NMHG include the Queensland, Victoria and New South Wales dealerships.