Forklift industry merger and acquisition history

From the very start, the forklift industry has been riddled with various mergers, buyouts, collaborations, and acquisitions. This can make it confusing to keep track of OEMs when ownership of a forklift brand is constantly changing. Check out this timeline of the history of the major manufacturers in the forklift industry to help you make sense of your products.

forklift industry merger

The 1800s

  • 1868, Yale: Yale Lock Manufacturing Co. (USA) is formed, later becoming Yale and Towne Manufacturing Co.
  • 1890, Caterpillar: Caterpillar (USA) is founded by Benjamin Holt and Daniel Best.
  • 1896, Doosan: The Doosan Group (South Korea) is founded.
  • 1898, Baker: Baker Motor Vehicle Co. (USA) is founded to build electric cars. Soon, Baker increases its product line to include electric load trucks.

1900 – 1920

  • linde forklift1901, Allis-Chalmers: The Allis-Chalmers Company (USA) is founded.
  • 1903, Allis-Chalmers: Allis-Chalmers acquires the Bullock Electric Company.
  • 1907, Linde: The Linde Air Products Company (Germany) is established.
  • 1915 Lewis-Shepard is established in Watertown, Massachusetts
  • 1917, Komatsu: Komatsu Iron Works (Japan) is established, later becoming Komatsu Ltd. In 1921.
  • 1919, Clark: Clark Tructractor Company (USA) is established as a division of the Clark Equipment Company.
  • 1919, Towmotor: Towmotor Corporation (USA) is founded.

1920 – 1940

  • 1920s, Hyster: Hyster’s (USA) parent companies, Electric Steel Foundry and Willamette Iron & Steel Works, are established.
  • 1920, Mitsubishi: Shibaura Works of Ohte-Shokai K.K. is established as a subsidiary of Mitsubishi Shipbuilding Co., Ltd., which eventually becomes Mitsubishi Heavy Industries, Ltd. (Japan).
  • 1922, Raymond: Raymond Corporation (USA) is formed.
  • 1926, Toyota:  Toyoda Automatic Loom Works, Ltd. (now Toyota Industries Corporation) started building automatic looms.
  • 1929, Linde: Linde takes over Güldner-Motoren-Gesellschaft, a German engine and tractor manufacturer.
  • 1930s, Yale: Yale acquires BKS forklifts in Germany.
  • 1930, Raymond.  Raymond builds first material handling product under Lyon name.
  • 1934, Hyster: Electric Steel Foundry and Willamette Iron & Steel Works have combined into Willamette Hyster Company and an early straddle-carrier forklift model is produced.

1940 – 1960

  • 1942, CESAB: CESAB (Italy) is founded.
  • 1943, Cascade: Cascade Manufacturing Co. (USA) is founded.
  • 1944, Hyster: Willamette Hyster Company is renamed Hyster Company.
  • 1945, Crown: Crown Equipment Corporation (USA) is founded.
  • 1946, BT: BT Forklifts (Sweden) is founded.
  • 1947, Hyundai: The Hyundai Group (South Korea) is founded.
  • 1949, TCM: Toyo Carriers Manufacturing Co., Ltd. (Japan) is founded.
  • 1950, Prime-Mover: The Prime-Mover Company (USA) is founded by the Home-O-Nize Company of Iowa.
  • 1952, Komatsu: Komatsu acquires Ikegai Automobile Manufacturing Co. and Chuetsu Electro Chemical Co.
  • 1952, Mitsubishi: Mitsubishi is renamed Mitsubishi Nippon Heavy-Industries, Ltd.
  • 1953, Jungheinrich: Establishment of H. Jungheinrich & Co. Maschinenfabrik (Germany).
  • 1953, Allis-Chalmers: Allis-Chalmers acquires the Buda Engine Co., adding diesel engines to its product line.
  • 1956, Toyota: Toyota Motor Corporation (Japan) introduces its first forklift model, the LA 1-ton truck.
  • 1956, Towmotor: Towmotor acquires Gerlinger Carrier Company.
  • 1957, Nissan: The first Nissan (Japan) forklift is produced.
  • 1958, Heli:  Anhui Heli (China) is established

1960 – 1980


  • yale forklift1960s, Doosan:
    Korea Machinery Co., Ltd. begins importing forklifts as part of a national machinery expansion project.
  • 1962, Halla: Hyundai International Inc. is founded.
  • 1963, Yale: Yale merges with Eaton Manufacturing.
  • 1963, Towmotor: Towmotor acquires Ohio Gear Company.
  • 1965, Caterpillar, Towmotor: Towmotor becomes a wholly owned subsidiary of Caterpillar Tractor Company.
  • 1968, Hyster acquires Lewis-Shepard (USA Mass.)
  • 1976, TCM: TCM America (MBK), Inc. is established.
  • 1976, Doosan: Korea Machinery merges into Daewoo Heavy Industries Ltd.
  • 1977, Baker, Linde: Linde acquires Baker Material Handling Corporation.  Baker Forklift parts are now known as Linde forklift parts.
  • 1978, Halla: Hyundai International Inc. is rebranded as the Halla Group (South Korea).

1980 – 2000

  • 1980s, Allis-Chalmers: Allis-Chalmers begins selling off some of its subsidiaries in the face of rapid economic change.
  • 1980, Hoist: Forklift Exchange is founded in the suburbs of Chicago, IL.
  • 1983, Hyster: Hyster closes Portland OR manufacturing plant
  • 1984, Hyster: Hyster Company is acquired by ESCO Corporation.
  • 1984, Linde: Linde acquires Fenwick, the largest French lift truck manufacturer.
  • 1985, Yale: Yale is acquired by NACCO Industries, Inc., and Yale Materials Handling Corporation is established.
  • 1985, Komatsu: Komatsu America Manufacturing Corp. and Komatsu America Industries LLC are both established in the U.S.
  • 1986, Cascade: Cascade forms a joint venture with Xiamen Forklift Company of China (Xiamen-Cascade Corp., Ltd.).
  • 1988, Toyota: Toyota Industrial Equipment Manufacturing, Inc. (TIEM) is established in Indiana as a joint venture with Toyota Motor Corporation.
  • 1988, TCM: TCM Manufacturing USA, Inc. is founded.
  • 1988, Kalmar: Kalmar takes over Allis Chalmers forklift activities effectively ending Allis Chalmers brand name in forklift industry.
  • 1988, Prime-Mover: Prime-Mover is acquired by BT Industries AB of Sweden.
  • hyster forklift1989, Hyster: Hyster Company is acquired by NACCO Industries, Inc.
  • 1989, Linde: Linde acquires Lansing Bagnall, a British forklift manufacturer.
  • 1992, Yale: Yale Europe Materials Handling is established.
  • 1992, Caterpillar, Mitsubishi: Caterpillar and Mitsubishi Heavy Industries together form Mitsubishi Caterpillar Forklift America, Inc. (MCFA).
  • 1993, Nissan: Nissan Forklift Corporation North America is established.
  • 1993, Komatsu: Komatsu Cummins Engine Co., Ltd. and Cummins Komatsu Engine Company are established in Japan and the U.S., respectively.
  • 1994, Hyster, Yale: NACCO Materials Handling Group, Inc. (NMHG) is established.
  • 1994, Hoist: Forklift Exchange acquires Silent Hoist and Crane, a Brooklyn-based company. It is rebranded as Hoist Liftruck Manufacturing, Inc. (USA).
  • 1994, Jungheinrich.  Jungheinrich takes over UK based Boss group.
  • 1995, Toyota: Toyota Industrial Equipment, S.A. (TIESA) is established in France as a joint venture with Toyota Motor Corporation and Manitou B.F.
  • 1997, BT, Raymond: Raymond Corp. is acquired by BT Industries AB for $353 million, and BT Raymond is established.
  • 1997, Halla: Halla collapses under the pressure of the 1997 Asian Financial Crisis.
  • 1998, Clark: Clark Material Handling Company acquires the Samsung Fork Lift Company of Korea.
  • 1998, Allis-Chalmers: The remaining Allis-Chalmers manufacturing companies are divested.
  • 1998, Combilift:  Combilift started in Ireland
  • 1999, Kalmar-AC:  Kalmar sells the  former Allis Chalmers business unit it acquired in 1988 to Komatsu.  Kalmar remains a big lift truck/reach stacker specialist.  Komatsu attempts to market units under Tusk brand name but eventually discontinues Tusk in 2010.

2000 – present day

 

Note: Shop Hoist lift truck parts now!

 

This information was gathered from the histories published on the websites of the various companies included on the timeline. Supporting information was also found through news sites, like those linked in some of the information above.

 

Copyright 2015 Intella Liftparts.  You may link to this post but please do not copy it.

 

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Post by Intella Liftparts

What grade LPG do I use in my forklift?

LPG tank Intella LiftpartsLPG, propane, butane—throwing these terms around can get confusing. They can get even more confusing when they all have different grades, purposes, and origins. Which is best for a forklift? Which ones are safe for grilling? Don’t worry, we’re here to help sort it all out.

 

Q: What grade LPG do I use in my forklift?

A: HD-5 is the grade of LPG/propane that is most suitable for use in forklifts.

 

Q: What is LPG? What is propane?

A: LPG stands for liquefied petroleum gas, and it is used interchangeably with “propane.” They are the same thing. With that said, LPG is an odorless, colorless gas that is usually stored as a liquid in pressurized containers. An odorous chemical (ethyl mercaptan) is added to the LPG in order to detect leaks. LPG has a high octane rating, which means that it can withstand significant pressure before igniting. That means that you get more bang for less liquid. It accounts for about 2% of total energy usage in the U.S., and as of 2009 its production was a $15 billion industry.

 

Q: What is LPG used for?

A: LPG can be used industrially, commercially, and domestically. 48 million American households use it to heat their homes. It can also be used for cooking and powering vehicles, like agricultural equipment or on-road vehicles.

 

Q: What are the benefits of LPG?

A: LPG is cleaner than gasoline or diesel, with lower carbon emissions than these competitors. It is affordable, with prices rivaling gas and diesel, and it is abundant in the U.S.

 

Q: What are the different grades of LPG? How do they differ?

A: Three grades of LPG are processed in the United States. All three come from crude oil or natural gas, but they have some significant differences.

 HD-5: This is the highest grade of LPG available to consumers. It is the most widely sold and distributed grade, and it is recommended for engine/vehicle use (including forklifts). It contains at least 90% propane and no more than 5% propylene by volume, with various other gases making up the rest of the mixture.

 HD-10: This LPG is a grade below HD-5, allowing up to 10% propylene in its mixture. For this reason, it is not recommended for vehicle applications, because the increased amount of propylene may gum up engines. However, it is just fine for heating or cooking.

 commercial: This grade is similar to HD-10, but it is often used industrially in refineries. It may contain butane in addition to propane, and, like HD-10, it should not be used on vehicles.

 

forklift LPG

 

Read more about propane/LPG on our own webpage here.

For more information on this topic from the U.S. Department of Energy or the Environmental Protection Agency, click here or here.

 


Post by Intella Liftparts

Caterpillar forklift fluid specs

Q: What lubricants do I use in my Caterpillar forklift?

A: It depends. Using the wrong lubricating fluids on your forklift can damage the truck and put the truck’s operator in danger. Check below for the correct forklift fluid specs for P3000 and P8000 models of Caterpillar trucks.

SIS forklift radar

Cat forklift model P3000 P4000 P5000 P6000 P7000 fluid specs

•  gasoline engine = SAE10W-30; API classification SJ and abovemotor oil Intella Liftparts forklift fluid specs

 diesel engine = SAE10W-30; API classification CF and above

 transfer and differential oil = SAE80 (below 14°F) or SAE90 (14°F and above); API classification GL-4 or GL-5

•  powershift transmission oil = Dexron II

•  hydraulic oil = ISO VG32

•  brake oil = FMVSS No.116-DOT3 or DOT4 or SAE J1703

•  wheel bearing grease = NLGI No.2 grade multipurpose (lithium base); consistency of 265-295

•  chassis grease = NLGI No.1 grade multipurpose type (lithium base); consistency of 310-340

•  antifreeze = long life coolant (non-amine)

 

Cat forklift model P8000 P9000 P10000 P12000 fluid specs

•  gasoline engine = SAE10W-30, API classification SJ and above

•  diesel engine = SAE10W-30; API classification CF and above

•  transfer and differential oil = SAE80W (below 14°F) or SAE90 (14°F and above); API classification GL4 or GL5

•  powershift transmission oil = Dexron II

•  hydraulic oil = ISO VG32

•  wheel bearing grease = NLGI No.2 grade multipurpose (lithium base); consistency of 271

 chassis grease = NLGI No.1 grade multipurpose type (lithium base); consistency of 315


Post by Intella Liftparts

Crown/Hamech forklift fluid specs

Q: What lubricants do I use in my Crown or Hamech forklift?

A: It depends. Using the wrong lubricating fluids on your forklift can damage the truck and put the truck’s operator in danger. Check below for the correct forklift fluid specs for various models of Crown and Hamech trucks.

forklift fluid specs

MAX50 (gasoline/LPG engine): G15, G18, and G20(A)(S)HT-20

•  engine oil pan = engine oil (SAE 10W-30SJ)motor oil Intella Liftparts forklift fluid

•  TORQFLOW transmission case = DEXRON automatic transmission fluid

•  differential case = gear oil (SAE80W or 90W)

•  hydraulic tank = hydraulic oil ISO #32

•  brake reservoir = brake fluid (DOT 3) (SAE7OR-3)

•  greasing points = lithium grease (NLGI No. 2)

 cooling system = glycol-based coolant

 

MBX50 (gasoline/LPG engine): G20, G25, G28, G30, G32(S)(H)T-16, and G35AHT-16

•  engine oil pan = engine oil (SAE 10W-30SH)

 TORQFLOW transmission case = DEXRON automatic transmission fluid

•  differential case = gear oil (SAE80W or 90W)

 hydraulic tank = hydraulic oil ISO #32

 brake reservoir = brake fluid (DOT 3) (SAE7OR-3)

 greasing points = lithium grease (NLGI No. 2)

•  cooling system = non-amine long-life type

 

MBX50 (diesel engine): D20, D25, D28, D30, D32T-16, and D35AT-16

•  engine oil pan = engine oil (SAE 10W-30CH or SAE30W-30CH)

•  TORQFLOW transmission case = DEXRON automatic transmission fluid

 differential case = gear oil (SAE80W or 90W)

•  hydraulic tank = hydraulic oil ISO #32

•  brake reservoir = brake fluid (DOT 3) (SAE7OR-3)

 greasing points = lithium grease (NLGI No. 2)

 cooling system = non-amine long-life type


Post by Intella Liftparts

TCM forklift fluid specs

Q: What lubricants do I use in my TCM forklift?motor oil Intella Liftparts forklift fluid

A: It depends. Using the wrong lubricating fluids on your forklift can damage the truck and put the truck’s operator in danger. Check below for the correct forklift fluid specs for FCG30-3HG models of TCM trucks.

forklift fluid specs

 engine crank case = SAE 30 (32°F and above); SAE 10W (-13 to 32°F); SAE 10W-30, -40, -50, or 15W-40 (-13°F and above); SAE 5W-20 or -40 (-40°F and above)

•  hydraulic oil reservoir = SAE 10W or ISO VG32 (-13°F and above); SAE 5W-20 or ISO VG22 (-40°F and above)  How do hydraulics work?  Learn more in our resource center.

•  powershift transmission = SAE 10W

•  differential = SAE 90 (14°F and above); SAE 80W (-13°F and above); SAE 75W (-40°F and above)

•  grease fittings = lithium-based multipurpose grease, NLGI No. 0, 1, or 2

•  brake fluid reservoir = automotive-use brake fluid, FMVSS DOT-3

•  gasoline engine = MOBIL Special (5W-20, 10W-30, 20W-40); MOBIL Super (5W-40, 10W-40, 10W-50); MOBIL 1 (5W-20); ESSO Uniflo Motor Oil (10W-40); ESSO Extra Motor Oil (10W-30, 20W-40); CALTEX Supreme Five Star Motor Oil (10W-30, 10W-40, 20W-40, 20W-50, 10W, 20-20W, 30); CALTEX RPM Delo 400 Oil (15W-40, 10W, 20-20W, 30); CALTEX RPM Delo 200 Oil (10W-30, 10W-40, 20W-40, 20W-50, 10W, 20-20W, 30)

Remember, Intella is your source for all TCM forklift parts


Post by Intella Liftparts