# Hyster-Yale completes acquisition of controlling interest in Zhejiang Maximal Forklift

Hyster-Yale Materials Handling, Inc. completed its acquisition of 75% of the outstanding shares of Zhejiang Maximal Forklift Co., Ltd. for $90 million, renaming it Hyster-Yale Maximal Forklift (Zhejiang) Co., Ltd.

- Type: Acquisition
- Announced: 2018-06-01
- Where: Zhejiang, China, China
- Value: $90.0M
- Status: completed
- Products: forklifts, utility and standard material handling products
- 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

- [hyster-yale.com](https://www.hyster-yale.com/2018-06-01-Hyster-Yale-Materials-Handling,-Inc-Completes-Acquisition-Of-Controlling-Interest-In-Zhejiang-Maximal-Forklift-Co-,-Ltd), 2018-06-01: "This transaction is a strategic action that is expected to expand the Company's low-cost, global manufacturing capabilities, develop access to competitive component sourcing, further strengthen Hyster-Yale's utility and standard product portfolio."
- [ir.hyster-yale.com](https://ir.hyster-yale.com/2018-06-01-Hyster-Yale-Materials-Handling,-Inc-Completes-Acquisition-Of-Controlling-Interest-In-Zhejiang-Maximal-Forklift-Co-,-Ltd), 2018-06-01: "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."
- [prnewswire.com](https://www.prnewswire.com/news-releases/hyster-yale-materials-handling-inc-completes-acquisition-of-controlling-interest-in-zhejiang-maximal-forklift-co-ltd-300657950.html), 2018-06-01: "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."
- [forkliftaction.com](http://forkliftaction.com/newsletter/archive/0875.htm), 2018-06-07: "Hyster-Yale Materials Handling has completed its acquisition of 75% of the outstanding shares of, and a controlling interest in, Zhejiang Maximal Forklift Co., Ltd."
- [forkliftaction.com](https://www.forkliftaction.com/news/hyster-yale-completes-maximal-purchase.aspx?n=20564), 2018-06-07: "Hyster-Yale Materials Handling has completed its acquisition of 75% of the outstanding shares of, and a controlling interest in, Zhejiang Maximal Forklift Co., Ltd."

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