# 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.

- Type: Acquisition
- Announced: 2017-12-06
- Where: Lushan Industry Area near Hangzhou, China
- Value: $90.0M
- Status: announced
- Capacity: 30,000 units per year
- Products: utility and standard lift trucks, electric warehouse products, port equipment, rough terrain forklifts
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Hyster-Yale Materials Handling](https://endata.com/companies/17984.md) (acquirer)
- [Zhejiang Maximal Forklift Company Limited](https://endata.com/companies/17985.md) (target)
- [KNSN Pipe and Pile Company Limited](https://endata.com/companies/17986.md) (partner)

## Sources

- [ir.hyster-yale.com](https://ir.hyster-yale.com/2017-12-06-Hyster-Yale-Materials-Handling,-Inc-Announces-Agreement-To-Acquire-A-Controlling-Interest-In-Zhejiang-Maximal-Forklift-Company-Limited), 2017-12-06: "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"
- [prnewswire.com](https://www.prnewswire.com/news-releases/hyster-yale-materials-handling-inc-announces-agreement-to-acquire-a-controlling-interest-in-zhejiang-maximal-forklift-company-limited-300567459.html), 2017-12-06: "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"
- [cbinsights.com](https://www.cbinsights.com/company/maximal-forklift), 2017-12-06: "Hyster-Yale Materials Handling, Inc. announced today that it has completed its acquisition of 75 percent of the outstanding shares of, and a controlling interest in, Zhejiang Maximal Forklift Co., Ltd."
- [supplychain247.com](https://www.supplychain247.com/article/hyster_yale_acquires_controlling_interest_in_zhejiang_maximal_forklift_co), 2017-12-06: "Hyster-Yale Materials Handling, Inc., has acquired, through an indirect wholly-owned subsidiary, 75% of the outstanding shares of Zhejiang Maximal Forklift Company Limited for an aggregate purchase price of $90 million."
- [crainscleveland.com](https://www.crainscleveland.com/article/20171206/news/144761/hyster-yale-materials-handling-buys-controlling-stake-chinese-company/), 2017-12-06: "Hyster-Yale Materials Handling buys controlling stake in Chinese company for $90 million"
- [mmh.com](https://www.mmh.com/article/hyster_yale_acquires_controlling_interest_in_zhejiang_maximal_forklift_co), 2017-12-06: "Hyster-Yale Materials Handling, Inc., has acquired, through an indirect wholly-owned subsidiary, 75% of the outstanding shares of Zhejiang Maximal Forklift Company Limited for an aggregate purchase price of $90 million"
- [maxforklift.cn](https://www.maxforklift.cn/html/news/183.html), 2017-12-08: "海斯特-耶鲁物料搬运集团公司与浙江美科斯叉车有限公司在杭州富阳区美科斯工厂内的新办公楼多功能会议室举行签约仪式，宣布收购美科斯叉车，双方就合作签订了控股权益收购协议。"
- [forkliftaction.com](https://www.forkliftaction.com/newsletter/archive/0851.htm), 2017-12-14: "The buy-in gives Hyster-Yale, a top 10 supplier, access to Maximal's manufacturing capability and to China's growing forklift market."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.