# Hyster-Yale acquires additional 15% stake in Zhejiang Maximal Forklift

Hyster-Yale Materials Handling completed the acquisition of an additional 15% stake in Sino-American Zhejiang Maximal Forklift Co., Ltd from Y-C Hongkong Holding Co., Limited for $25.2 million, increasing its ownership to 90%.

- Type: Acquisition
- Announced: 2022-06-29
- Where: China
- Value: $25.2M
- Status: completed
- Products: forklifts
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Hyster-Yale Materials Handling](https://endata.com/companies/17984.md) (acquirer)
- [Y-C Hongkong Holding Co., Limited](https://endata.com/companies/55453.md) (partner)
- [Sino-American Zhejiang Maximal Forklift](https://endata.com/companies/63803.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/HYSTER-YALE-INC-11604040/news/Hyster-Yale-Materials-Handling-Inc-NYSE-HY-completed-the-acquisition-of-15-stake-in-Sino-Americ-41215544/), 2022-06-29: "Hyster-Yale Materials Handling, Inc. (NYSE:HY) completed the acquisition of 15% stake in Sino-American Zhejiang Maximal Forklift Co.,Ltd from Y-C Hongkong Holding Co., Limited for $25.2 million."

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