Yale and Towne Manufacturing was founded in 1840 in Newport, NY but later moved to Stamford, CT. The company was involved in materials handling equipment and and in 1919 developed the industry’s first battery-powered low-lift platform truck.
The Willamette-Ersted Company was founded in 1929 as a manufacturer of winches and lifting machines for the timber industry. The company later changed its name to Hyster Company.
In 1986 NACCO Industries is created as a holding company for Yale Materials Handling, as Yale and Towne Manufacturing is then known.
In 1989 NACCO acquired the Hyster brand.
In 2012 Hyster-Yale Materials Handling was created when NACCO spun-off these subsidiaries into a new company.
Today Hyster-Yale Materials Handling is a leading lift truck manufacturer and produces everything from hand-controlled pallet lifts to forklifts to heavy-duty container handlers . Products are sold under the Hyster, Yale, and UTILEV brands.
The company trades publicly on the New York Stock Exchange under the ticker symbol HY, is a member of the Russell 2000, is #794 in the Fortune 1000, has 5,400 employees, and had $2.77 billion in revenue in 2014.
Hyster-Yale Materials HandlingYale and Towne Manufacturing was founded in 1840 in Newport, NY but later moved to Stamford, CT. The company was involved in materials handling equipment and and in 1919 developed the industry’s first battery-powered low-lift platform truck.
The Willamette-Ersted Company was founded in 1929 as a manufacturer of winches and lifting machines for the timber industry. The company later changed its name to Hyster Company.
In 1986 NACCO Industries is created as a holding company for Yale Materials Handling, as Yale and Towne Manufacturing is then known.
History
In 1989 NACCO acquired the Hyster brand.
In 2012 Hyster-Yale Materials Handling was created when NACCO spun-off these subsidiaries into a new company.
Today Hyster-Yale Materials Handling is a leading lift truck manufacturer and produces everything from hand-controlled pallet lifts to forklifts to heavy-duty container handlers . Products are sold under the Hyster, Yale, and UTILEV brands.
The company trades publicly on the New York Stock Exchange under the ticker symbol HY, is a member of the Russell 2000, is #794 in the Fortune 1000, has 5,400 employees, and had $2.77 billion in revenue in 2014.