Nuts & Bolts
Acquisitions, expansions & other business news
Raymond adds new thin plate pure lead solution to energy portfolio The Raymond Corporation has added a new power solution to its Energy Essentials Distributed by Raymond®'s portfolio of batteries produced at Raymond’s facility in Greene, New York. Partnering with EnerSys®, Raymond offers thin plate pure lead (TPPL) technology to deliver fast-charging and maintenance-free power that provides customers with the high-performance energy needed to optimize their operations. Compatible with both the Raymond® 8210 walkie pallet truck and Raymond 6210 walkie straddle stacker truck, the TPPL power solution provides an industry-leading alternative power solution. www.raymondcorp.com www.enersys.com
Millwood acquires Cleveland Custom Pallet & Crate, Inc. Millwood, Inc. acquired its 10th Ohio and 32nd location nationwide. The acquisition was made official on May 2 after Millwood Co-owners and Partners Chip Trebilcock and Steve Miller made the trip to Cleveland Custom Pallet & Crate, Inc. in downtown Cleveland to meet with management and team members who will make the transition to the Millwood family. With this additional location, Millwood will be able to supply whitewood pallets, crates, and other products and services to much of northeast Ohio and beyond. www.millwoodinc.com 26
www.MHWmag.com
July 2022
Toyota Material Handling, Cornell Engineering announce partnership on innovative forklift learning studio Toyota Material Handling (TMH) and Cornell University’s College of Engineering have announced a unique partnership dedicated to the development of an innovative learning studio that incorporates Toyota equipment to elevate immersive engineering education to an entirely new level. The Forklift Learning Studio will be built and developed during the summer with the goal of officially launching it to Cornell engineering students at the start of the fall semester in August. Toyota and faculty from Cornell Engineering’s Sibley School of Mechanical and Aerospace Engineering (MAE) began discussing this partnership late last year as a way to revolutionize the way engineering students learn by finding a more optimal balance between lecture and lab sessions. www.toyotaforklift.com www.engineering.cornell.edu
The Crosby Group and KITO CORPORATION to combine businesses in 2nd half of 2022 The Crosby Group and KITO CORPORATION have announced that they have entered into a definitive agreement to combine both businesses. The business combination will be effected through a cash tender offer by The Crosby Group to acquire all of the outstanding shares of KITO CORPORATION. Until close, The Crosby Group and KITO CORPORATION will continue to operate as separate, independent companies. www.thecrosbygroup.com
www.kito.com
