Briggs International, Inc., has announced its subsidiary, Briggs Equipment, has executed a letter of interest to acquire a portion of Barloworld Handling’s assets. With this acquisition, Hyster Company will appoint Briggs as an authorized dealer for the sales and service of Hyster® brand lift trucks in a portion of Barloworld’s territory. Barloworld Handling has accepted Briggs’ letter of interest. Briggs is conducting due diligence of Barloworld’s U.S. materials handling operations. Completing the transaction is subject to execution of a definitive and binding agreement.
Once completed, this transaction will position Briggs as one of the largest Hyster dealers in the U.S., with responsibility for a large portion of the southern U.S. Briggs will sell and service Hyster brand lift trucks in Florida, Arkansas and Atlanta, and portions of North Carolina, South Carolina, Georgia, Alabama, Mississippi, and Tennessee.
Briggs is currently one of the largest dealers of Yale® brand lift trucks, with branches servicing Yale products and customers in portions of Texas, Louisiana, Mississippi, Alabama and Georgia. Briggs International subsidiaries are also the Yale dealers for the United Kingdom and the Hyster and Yale dealer for most of Mexico. Both Hyster Company and Yale Materials Handling Corporation are operating divisions of NACCO Materials Handling Group.
“Briggs is excited by the potential to expand both its footprint and product offering in the United States with the addition of the Hyster brand,” said Dave Bratton, CEO of Sammons Enterprises. “The growth of our materials handing business brings more opportunities to our employees and better service to our customers. This acquisition provides our customers with more product options and quicker response times.”
“We are confident Hyster products combined with Briggs Equipment sales, service and material handling expertise will deliver excellent customer satisfaction,” said Jonathan Dawley, President of Hyster Distribution. “We look forward to continuing our deep relationships with current Hyster customers, as well as developing a solid relationship with new customers through Briggs’ efforts.”
Want to read all the other news fit to print each month? Click here to subscribe to Material Handling Wholesaler!