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There have been several large mergers and acquisitions lately, and the manner of their revelation is generally as interesting as their substance. Some are the subject of speculation and rumour - and generally denied by all parties involved until the moment of announcement. Others come out of the blue, taking most observers by surprise. That’s the case with this week’s announcement of Toyota Industries Corp’s takeover of Cascade Corp. Of course, when M&As involve listed companies, some degree of secrecy is essential to prevent insider trading, and this USD759 million is no different. And the word from both sides is that it will be business as usual after the takeover.
We have all the details in our report this week.
|Local News||FROM THE FORKLIFTACTION.COM EDITORIAL TEAM|
|Heavy lift specialist chooses Vulcan for project Australasia News|
Perth, Western Australia Heavy lift specialist Agility Project Logistics has ordered two new Vulcan reach stackers from supplier MLA to add to its fleet which includes seven battery electric forklifts, 17 internal combustion... [more]
|K&S expands supply chain operations in WA Australasia News|
Bunbury, Western Australia Transport and logistics specialist K&S Corporation Limited will expand its Western Australia operations with an agreement to buy the business and assets of the Bunbury-based Collare Transport Group.
|Forklift operator awarded reparation for limb loss Australasia News|
Whangarei Timber group Carter Holt Harvey (CHH) has been fined $44,000 and ordered to pay a further $50,000 to employee Tamihana Aramoana who was seriously injured in a workplace incident in... [more]
|Safe Work Week raises awareness Australasia News|
Adelaide, South Australia This week’s Safe Work Week, held across Australia, focused on safety initiatives to reduce injury, death and disease in the workplace.
“Our goal is to inform, empower and inspire... [more]
|Global News||FROM THE FORKLIFTACTION.COM EDITORIAL TEAM|
|TICO agrees to buy Cascade Corp for USD759 million|
UNITED STATES Toyota Industries Corp (TICO) and Cascade Corp say they have entered into a definitive agreement under which TICO would acquire Cascade for USD759 million.
Through a tender offer probably... [more]
|UniCarriers consolidates forklift production|
JAPAN UniCarriers Corp is consolidating its manufacturing sites in Japan to cut production costs.
The company’s subsidiary, Nissan Forklift Co, has outsourced production to a Yokohama firm since 2001 but... [more]
|ITA pursues trade negotiations, recognises Malvaso|
UNITED STATES The Industrial Truck Association (ITA) is pursuing resolution of trade issues and, during its annual meeting, presented ITA’s meritorious service award to James J Malvaso.
“Free or fair trade... [more]
|Eighth container crane for Exolgan|
ARGENTINA Liebherr has commissioned its eighth ship-to-shore crane at Exolgan Container Terminal in Buenos Aires.
Argentine president Cristina Fernandez de Kirchner attended a ceremony at the terminal to welcome the... [more]
|WWL buys majority stake in Abnormal Load|
Wallenius Wilhelmsen Logistics (WWL), a global provider of outbound logistics solutions, has acquired a 60% stake in supply chain solutions firm Abnormal Load Services (ALS).
ALS will become an... [more]
|MHEDA points members to critical impact factors|
UNITED STATES A trade group for materials handling equipment distributors is encouraging its members to plan ahead through review of an annually updated list of critical impact factors.
|Jungheinrich introduces new machines|
Jungheinrich UK Ltd has launched the EJC 110/112/212 compact, electric pedestrian-operated stacker trucks that can lift up to 1.2 T to 4.7 m (15.4 ft.) high.
The manufacturer designed... [more]
|Movers & Shakers|
Terex Corp, B&B Attachments Ltd, Heli Americas, Consolidated Fork Truck Services, Clark Material Handling Company, [more]
Exhibition wins gold twice
- Rocester, United Kingdom
Bendi innovation honoured
- Redditch, United Kingdom
ID firm priorities R&D
- Bologna, Italy
TVH distributes Chinese brand
- Waregem, Belgium
Bac2 lands Materials Award
- Southampton, United Kingdom [more]
|Forklift mast blasts through bridge section|
UNITED STATES Exceeding a height limitation, the mast of a Hyster forklift on a low-boy trailer destroyed a portion of a pedestrian overpass in the Honolulu community of Aiea. No-one was injured.... [more]
|Publish your brief here|
|SMV 10-TON MACHINES NOW IN STOCK|
At PHL’s conveniently located UK warehouse showroom. Newly refurbished to the highest standard and ready to view.
SMV are known world-over for their build quality and reliability. A super strong box-type chassis supported with lateral stress bracing; high-torsional strength frame, designed to last. PHL is the UK’s highly respected supplier of used forklift trucks to the worldwide trade.
. 6-cylinder Scania turbo-charged diesel engine . Heavy duty powershift transmission
. Oil-cooled wet disc brakes . Freelift masts of 3.6-5.5m
. Integral positioner & sideshift . 2.8m forks . Air conditioned cabin
Contact PHL for further information, specification and prices!
|ANNOUNCEMENTS||Publish your article here|
|EP and Lencrow cover the full range of pallet trucks|
Lencrow Materials Handling is eagerly awaiting the release of EP’s latest model in their range power pallet trucks, the EPT20-30WA early next year. This unit is a 3000kg end rider pallet jack that also comes with options of single or double length. [more]
|TVH Becomes Official Distributor Xinchai Engines and Spare Parts|
TVH has been appointed ‘authorized aftermarket distributor for Xinchai engines and spare parts’. This means that TVH will be responsible, through its network of branches, for the quick distribution of genuine spare parts for Xinchai engines worldwide. [more]
|Nexen Enters Indian Market|
Nexen has entered the rapidly growing Indian Lift Truck market with the announcement of an agreement with Jay Equipment and Systems Pvt Ltd. to represent and distribute its products in India. [more]
|Mitsubishi adds two special-performance models to its PREMIA ES power pallet truck range|
Two special productivity-focused models have been added to the award -winning PREMIA ES series of pedestrian power pallet trucks from Mitsubishi Forklift Trucks. They are aimed at applications involving occasional longer distances or intensive loading and unloading work. [more]
|Hoist Liftruck Manufacturing Inc reports unprecedented growth|
Intermodal transportation is ever changing and Hoist is continually adapting to meet its customers’ needs by offering a wide portfolio of high quality, customized material handling equipment. The Hoist Reach Stacker is designed with these principles in mind. [more]
|RAEDER-VOGEL®: German Manufacturer of Premium Quality Wheels, Tires, and Castors for Heavy Forklifts|
RAEDER-VOGEL® is the renowned specialist manufacturer of premium quality wheels, press-on tires, and castors for all demanding and heavy-duty applications. OEM manufacturers around the world rely on our wheels and castors for their standard and custom-built heavy forklifts. [more]
|PROMAT 2013 Exhibition|
ProMat 2013 will be the largest international material handling, supply chain and logistics show and conference held in North America. Over 700 exhibitors, including Keytroller, TVH Americas and systems Logicare expected to showcase their solutions on the ProMat 2013 Show floor. [more]