Hyster-Yale Materials Handling

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%.

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.

Hyster-Yale Materials Handling's subsidiary Hyster-Yale Acquisition Holding Ltd. signed an Equity Transfer Agreement to acquire Bolzoni from Y-C Hongkong Holding Co., Limited.

OneH2 signed a definitive agreement to acquire all hydrogen generation and production assets of Nuvera Fuel Cells, LLC, a subsidiary of Hyster-Yale Materials Handling, including the PowerTap brand.

Hyster-Yale Materials Handling will move its Bolzoni line's North America attachment manufacturing to its Sulligent, Alabama facility, expanding production there. The move begins January 1, 2019, and will phase out production at the Homewood, Illinois facility.

Nuvera Fuel Cells, a subsidiary of Hyster-Yale Materials Handling, has signed a definitive agreement to contribute substantially all of its PowerTap hydrogen generator assets to OneH2 in exchange for an approximately 15% ownership interest and a board seat.

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.

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.