# Hyster-Yale completes acquisition of 75% controlling interest in Zhejiang Maximal Forklift for $90 million

Hyster-Yale Materials Handling completed the acquisition of 75% of Zhejiang Maximal Forklift Co., Ltd. from KNSN Pipe & Pile Company Limited for $90 million. The company has been renamed Hyster-Yale Maximal Forklift (Zhejiang) Co., Ltd.

- Type: Acquisition
- Announced: 2021-08-16
- Where: Lushan Industry Area, Zhejiang, China
- Value: $90.0M
- Status: completed
- Capacity: 30,000 units per year
- Products: forklifts, material handling equipment
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.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

- [maiscoisamenoscoisa.blogspot.com](https://maiscoisamenoscoisa.blogspot.com/2018/06/hyster-yale-materials-handling-inc.html), 2021-08-17: "This transaction is a strategic action that is expected to expand the Company's low-cost, global manufacturing capabilities."

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