# Cascade Corporation acquires forklift mast manufacturer Lift-Tek

Cascade Corporation, a subsidiary of Toyota Industries, has acquired all shares of Lift Technologies, Inc. (USA) and Lift-Tek Elecar S.p.A. (Italy), known as Lift-Tek, a manufacturer of forklift masts. The acquisition closed on October 26, 2021.

- Type: Acquisition
- Announced: 2021-10-27
- Where: United States and Italy, United States
- Status: completed
- Products: forklift masts, forklift attachments
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Toyota Industries Corporation](https://endata.com/companies/7152.md) (acquirer)
- [Toyota Industries Corporation](https://endata.com/companies/7152.md) (partner)
- [Cascade Corporation](https://endata.com/companies/38671.md) (acquirer)
- [Calvi Holdings S.p.A](https://endata.com/companies/54411.md) (partner)
- [Lift Technologies](https://endata.com/companies/58734.md) (target)
- [Lift-Tek Elecar](https://endata.com/companies/58735.md) (target)
- [Lift-Tek](https://endata.com/companies/59130.md) (target)

## Sources

- [toyota-industries.com](https://www.toyota-industries.com/news/2021/10/27/005064/), 2021-10-27: "Cascade Corporation, subsidiary of Toyota Industries, Has Acquired Forklift Mast Manufacturer, Lift-Tek"
- [forkliftaction.com](https://www.forkliftaction.com/newsletter/archive/1049.htm), 2021-10-28: "Attachment maker Cascade Corporation has successfully completed the acquisition of mast manufacturer Lift Technologies, Inc. (USA) and Lift-Tek Elecar S.p.A. (Italy) from Calvi Holding S.p.A as wholly owned subsidiaries."
- [daily-cargo.com](https://www.daily-cargo.com/news/logistics/2021/11/134043/), 2021-11-09: "豊田自動織機はこのほど、米子会社のCascadeがフォークリフト用荷役機器の生産・販売を行う米Lift Technologiesと伊Lift-Tekの全株式を取得し、完全子会社化したと発表した。"

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