Hyster-Yale to acquire 75% stake in Zhejiang Maximal Forklift for $90M
Hyster-Yale Materials Handling has agreed to acquire a 75% controlling interest in Zhejiang Maximal Forklift Company Limited from KNSN Pipe and Pile Company Limited for $90 million. The remaining 25% will be owned by Maximal senior management.
Capacity
30,000 units per year
Productsutility and standard lift truckselectric warehouse productsport equipmentrough terrain forklifts
“Hyster-Yale Materials Handling, Inc. announced today that it has entered into a definitive agreement to acquire, through an indirect wholly-owned subsidiary, 75 percent of the outstanding shares of, and a controlling interest in, Zhejiang Maximal Forklift Company Limited from KNSN Pipe and Pile Comp”ir.hyster-yale.com
- 8 sources
- ir.hyster-yale.comHyster-Yale Materials Handling, Inc. Announces Agreement To Acquire A Controlling Interest In Zhejiang Maximal Forklift Company Limited - Dec 6, 2017Dec 6, 2017
- prnewswire.comHyster-Yale Materials Handling, Inc. Announces Agreement To Acquire A Controlling Interest In Zhejiang Maximal Forklift Company LimitedHyster-Yale Materials Handling, Inc.Dec 6, 2017
- cbinsights.comMaximal Forklift - Products, Competitors, Financials, Employees, Headquarters LocationsDec 6, 2017
- supplychain247.comHyster-Yale acquires controlling interest in Zhejiang Maximal Forklift Co. Ltd. - Supply Chain 24/7MMH StaffDec 6, 2017
Summarized from public sources; check the original articles before acting on it.
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