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Material Handling Headlines

Melbourne, Australia – Adapt-A-Lift Forklift Rentals and Sales and MHEDA member NACCO Materials Handling Group, Inc. announced that the companies have signed an agreement under which Adapt-A-Lift (AAL) will acquire NACCO Materials Handling Group's Hyster retail operations and the National Fleet Network's (NFN) rental fleet within Australia.

Adapt-A-Lift is a privately owned forklift rental and sales company in Australia. Under the terms of the agreement, AAL has purchased selected Hyster Retail and National Fleet Network assets, and secured the rights to the Hyster brand name, registered trademarks and associated intellectual property within Australia.

AAL will build upon its forklift fleet management system by extending its rental fleet from 5,300 units to over 10,500 nationwide. The acquisition will increase AAL's national representation from five dedicated branches and service centers to fourteen.

A 90-day transition plan, ending September 28, 2009, is underway. Over these 90 days, AAL will commence the process of integrating the current NMHG operations into the AAL business. As part of this process, AAL intends to offer employment to as many current NFN/Hyster employees as operationally practicable.

Read the full press release at adapt-a-lift.com.

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