More Forklift Distribution Mergers
A few days ago, I posted a note about Yale dealer NITCO Material Handling taking over the Hyster dealership in its territory. I said:
Though the announcement doesn’t explicitly say so, the combination of NITCO, a Yale dealer, with the Hyster dealer in its territory would appear to be another instance of NACCO Materials Handling Group, the owner of both Yale and Hyster, strategy to allow distributors to carry both lines for the first time. To my knowledge, Arnold Machinery Company (Salt Lake City, UT) is so far the only dealer to take advantage of this arrangement.
Well, yesterday word came that, indeed, NITCO is taking on both lines by way of a press release from NMHG stating:
NACCO Materials Handling Group, Inc. (NMHG) has appointed Northland Industrial Truck Company, Inc (NITCO) as the Hyster dealer for Connecticut, Maine, New Hampshire, Rhode Island and parts of Vermont and Massachusetts. In addition, NITCO will remain the Yale dealer in Maine, New Hampshire and part of Massachusetts.
In a separate NMHG release I received yesterday, it was confirmed that Alta Lift Truck is now a distributor for both Hyster and Yale in certain markets. This is going to be an interesting trend to follow in 2010. I’d be interested to know what other people think about this.
Tags: forklift, lift trucks, material handling
January 14th, 2010 at 11:23 am
Please make a correction to the above article. Alta Lift will not be representing Yale in the Chicago Market.
January 14th, 2010 at 3:34 pm
[...] my post titled, “More Forklift Distribution Mergers” from January 8, I may have misled some readers by saying that Alta Lift will be representing [...]
January 14th, 2010 at 3:42 pm
Thanks for the comment, Chris. You are right; I misread the press release. I have changed the post to reflect your comment and also posted the full version of the press release to fix my error. I hope you keep reading!