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Investment in Ballymore’s Domestic Manufacturing Capabilities Significantly Expands Geographic Footprint and Product PortfolioCOATESVILLE, PA — April 1, 2025 —Ballymore Safety Products (“Ballymore” or the “Company”), a portfolio company of One Equity Partners (“OEP”), and a leading designer and manufacturer of vertical access equipment (e.g., aerial work platforms, rolling ladders, etc.), material handling, and custom safety products, today announced the completed acquisition of Valley Craft Industries, Inc. (“Valley Craft”), a manufacturer of material handling, drum handling, and storage solutions equipment. Transaction terms were not disclosed.Valley Craft represents Ballymore’s fourth acquisition since 2021, catapulting the Company into one of the largest, fully integrated safety, vertical access, and material handling products and services businesses in the United States.Valley Craft manufactures a range of material handling equipment, including box dumpers, forklift attachments, carts, hand trucks, material handling lifts, stackers, drum lifts & transporters, cabinets, workstations, and facility storage equipment. Headquartered in a suburb of Minneapolis, MN, Valley Craft employs a team of over 100, all of whom will join the Ballymore family of safety-focused brands. Valley Craft, in business for more than 70 years, will continue delivering its industry-leading products under the Valley Craft brand name post-transaction. Ballymore plans to invest in Valley Craft and the business will serve as Ballymore’s Midwest headquarters, where Ballymore will introduce rolling ladder manufacturing capabilities to the Midwest for the first time in the Company’s history, among other planned investments to fully leverage Valley Craft’s state-of-the-art, ~175,000 square foot facility.The acquisition of Valley Craft by Ballymore marks a significant milestone in Ballymore’s evolution. The Company continues to add to its domestic manufacturing base with safety product categories and new customers that can leverage Ballymore’s nationwide service capabilities. Today, Ballymore’s family of safety-focused brands include manufacturing businesses like Ballymore Company (Coatesville, PA), Tri-Arc Manufacturing Company (Pittsburgh, PA – acquired in 2021), Lift Products Inc. (Waukesha, WI – acquired in 2023), and now Valley Craft (Lake City, MN), alongside the national services and support capabilities provided by Ballymore’s services arm, DOC Services (Fort Mill, SC – acquired in 2024).“Acquiring Valley Craft represents a great step forward in our mission to provide comprehensive, innovative safety solutions for our customers,” said Bill Frame, Chairman of Ballymore Safety Products. “Valley Craft’s expertise in material handling and storage, combined with its extensive domestic manufacturing capabilities, positions us to offer an unparalleled range of safety products and services to our customers and enables us to onshore products that have been historically imported. Combining the Valley Craft and Ballymore manufacturing operations results in approximately half a million square feet of domestic manufacturing capability. We are excited to welcome Valley Craft’s talented team to the Ballymore family and look forward to driving growth and innovation together.”Ballymore continues to remain active in seeking additional acquisition opportunities to grow its platform of safety-focused brands, with a particular focus on (i) domestic manufacturing businesses within the vertical access, material handling, and custom safety products market, and (ii) industrial / commercial services businesses with strong regional or national footprints, with a particular focus on acquiring complementary equipment maintenance and commercial HVAC services providers.Fairmount Partners LP served as the exclusive merger and acquisition advisor to Ballymore on this transaction, while Klehr Harrison Harvey Branzburg LLP provided legal advisory services.About One Equity PartnersOne Equity Partners is a middle market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. The firm seeks to build market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team, and an established track record generating long-term value for its partners. Since OEP was founded in 2001, the firm has completed more than 400 transactions worldwide. The firm has offices in New York, Chicago, Frankfurt and Amsterdam. For more information, please visit www.oneequity.com.About Ballymore Safety ProductsBallymore Safety Products, since its inception, has been known for making safety products. Ballymore invented the Rolling Steel Ladder and over the years has expanded into aerial lifts, material handling equipment, ergonomic lift tables and positioners, and other custom safety products. Ballymore services national retailers, distribution centers, industrial catalogs, and systems integrators with its conventional and custom engineered vertical access, material handling, and safety product needs. Learn more at www.ballymore.com.About Valley Craft IndustriesValley Craft Industries was founded in 1953. Based in Lake City, MN, Valley Craft is a family-owned company renowned for its manufacturing capabilities and diverse product suite within the material handling, drum handling, and storage solutions space. The company has a strong reputation for producing high-quality metal fabrication products used in industrial and commercial applications. For more information visit www.valleycraft.com.About Fairmount PartnersFairmount Partners is an independent merger and acquisition advisory firm providing buy-side, sell-side, and capital formation advisory services. Fairmount is headquartered in Radnor, PA, in the Western Philadelphia suburbs. Fairmount’s clients include successful entrepreneurs, private equity-sponsored enterprises, and global public companies. Since its founding in 2003, Fairmount has completed more than 300 transactions across 25 countries throughout North and South America, Europe, Asia, and Australia, representing over $17 billion in aggregate value for its clients. For more information, please visit www.fairmountpartners.com.
Maker of Hyster and Yale industrial trucks plans to satisfy American manufacturing criteria for equipment used in federally funded infrastructure projectsGREENVILLE, N.C. (Dec. 18, 2024) – Hyster-Yale Materials Handling, Inc. announces its plans to fulfill the domestic manufacturing requirements of the Build America, Buy America (BABA) Act for key portions of its product lineup. The maker of Hyster® and Yale® brand forklift trucks and container handling equipment plans to expand its existing American manufacturing with a targeted set of high-capacity models, including electric options, that align with the needs of infrastructure projects subject to BABA requirements. The company’s plans include determining the optimal production location in the United States, strategically expanding sourcing agreements to meet local material requirements and further developing electric power options for high-capacity equipment.“Our leadership is fully invested in meeting the needs of businesses that require BABA-compliant material handling solutions,” says Tony Salgado, Chief Operating Officer, Hyster-Yale. “We are working to partner with our key domestic suppliers, as well as identifying how best to leverage our own American manufacturing footprint to deliver a competitive solution for our customers and stakeholders. But beyond mere compliance, and in line with the many areas of our business where we are evolving to better support our customers, our commitment remains steadfast. We are dedicated to delivering industry-leading standards in design, durability and performance — qualities that have become synonymous with our brands worldwide and that our customers have come to rely on and expect.”The BABA Act is a piece of legislation aimed at increasing the use of American-made materials in federally funded infrastructure projects across the United States. It was enacted as part of a broader effort to boost domestic manufacturing and economic growth, and mandates that federal dollars allocated to infrastructure – such as roads, bridges, ports and public transit systems – must prioritize materials produced in the USA, including critical items like steel, iron and various construction materials.Hyster-Yale operates an extensive footprint in the U.S. spread across 10 locations, including three manufacturing facilities. The Hyster and Yale brands have hundreds of years of combined history in the U.S., with innovative milestones like Yale introducing the industry’s first electric low-lift platform truck in 1919 and the revolutionary Hyster MONOTROL® pedal for speed and direction control in 1959. Today, the company provides a full line of material handling and port equipment tailored to address the challenges of critical supply chain applications, from demanding port settings to fast-paced warehouse environments.About Hyster-Yale Materials HandlingHyster-Yale Materials Handling, Inc., designs, engineers, manufactures, sells and services a comprehensive line of lift trucks, attachments, aftermarket parts and technology solutions marketed globally primarily under the Hyster® and Yale® brand names. Subsidiaries of Hyster-Yale Materials Handling include Bolzoni S.p.A., a leading worldwide producer of attachments, forks and lift tables marketed under the Bolzoni®, Auramo® and Meyer® brand names and Nuvera Fuel Cells, LLC, an alternative-power technology company focused on fuel cell stacks and engines. Hyster-Yale Materials Handling also has an unconsolidated joint venture in Japan (Sumitomo NACCO). Hyster-Yale Materials Handling, Inc., is a wholly owned subsidiary of Hyster-Yale, Inc. (NYSE: HY). For more information about Hyster-Yale and its subsidiaries, visit the Company's website at www.hyster-yale.com.©2024 Hyster-Yale Materials Handling, Inc. all rights reserved. Hyster-Yale,, Hyster and logo, Yale and are trademarks of Hyster-Yale Materials Handling, Inc.ContactJennifer TimblinHyster-Yale Materials Handling252-412-4322jennifer.timblin@hyster-yale.com
Hyster-Yale Materials Handling parent company recognized in top 35% of companies assessed by EcoVadisGREENVILLE, N.C. (Dec. 3, 2024) – Hyster-Yale Materials Handling announces that its parent company, Hyster-Yale, Inc., has been awarded a 2024 Bronze medal by EcoVadis, an esteemed rating agency specializing in sustainability and corporate social responsibility. This accolade places Hyster-Yale among the top 35% of over 130,000 companies globally assessed by EcoVadis, highlighting its dedication to sustainable practices and continuous improvement.“As sustainability and related topics get more attention, businesses must improve the transparency of their renewable and efficient practices,” says Don Buckman, Americas Environmental Health and Safety Manager and Corporate Responsibility Leader, Hyster-Yale Materials Handling. “This EcoVadis rating, first submitted for and achieved in 2023 and again in 2024, underscores our ongoing commitment to social, environmental, and economic health in every aspect of our organization, including the communities in which we operate.”To achieve an EcoVadis medal, companies must undergo a rigorous assessment evaluating their sustainability practices across four key areas: environment, labor and human rights, ethics, and sustainable procurement. This process involves submitting detailed documentation of policies, actions, and results. EcoVadis analysts then review and score submissions, awarding medals based on overall scores and percentile ranks. Medals are valid for one year and must be submitted for annually.Please note in late May 2024, Hyster-Yale Group was re-named Hyster-Yale Materials Handling, at that same time, its parent company’s name changed from Hyster-Yale Materials Handling to Hyster-Yale, Inc.About Hyster-Yale Materials HandlingHyster-Yale Materials Handling, Inc., designs, engineers, manufactures, sells and services a comprehensive line of lift trucks, attachments, aftermarket parts and technology solutions marketed globally primarily under the Hyster® and Yale® brand names. Subsidiaries of Hyster-Yale Materials Handling include Bolzoni S.p.A., a leading worldwide producer of attachments, forks and lift tables marketed under the Bolzoni®, Auramo® and Meyer® brand names and Nuvera Fuel Cells, LLC, an alternative-power technology company focused on fuel cell stacks and engines. Hyster-Yale Materials Handling also has an unconsolidated joint venture in Japan (Sumitomo NACCO). Hyster-Yale Materials Handling, Inc., is a wholly owned subsidiary of Hyster-Yale, Inc. (NYSE: HY). For more information about Hyster-Yale and its subsidiaries, visit the Company's website at www.hyster-yale.com.ContactNicole McLawhornHyster-Yale Materials Handling252-561-5399nicole.mclawhorn@hyster-yale.com
GREENVILLE, N.C. (Aug. 13, 2024) – Hyster-Yale Materials Handling announces its participation in the United States Department of Defense (DOD) SkillBridge program, offering training and career opportunities to service members and their spouses as they transition to civilian life. DOD SkillBridge connects service members in their final 180 days of service with companies that provide civilian work experience at no cost to the company while the service member continues receiving military compensation and benefits. “Our service members dedicate their lives to serving our country, and this program is our opportunity to reward that service while also adding skilled, dedicated talent to the Hyster-Yale team and our dealer partners,” says Anthony Salgado, Chief Operating Officer, Hyster-Yale Materials Handling. “The SkillBridge program provides hands-on experience that helps service members explore career interests and develop job skills in the private sector. As a proud veteran of the U.S. Navy, I know how important resources and support are to a successful transition to the civilian workforce.” SkillBridge enables Hyster-Yale and its independently owned dealer partners to recruit and retain top-notch talent nationwide with a particular emphasis on the dealer network’s initiative to hire skilled technicians. Specifically tailored for technician apprenticeships, this program immerses participants in targeted training that equips them with the necessary skills and expertise for a successful career in materials handling. “We’re proud to work with SkillBridge to give back to our military veterans for the bravery and sacrifices they’ve made for all of us,” says Troy Pederson, Director of Training & Development at LiftOne, a Hyster-Yale dealer and established SkillBridge employer. “In the last year, we’ve helped 10 SkillBridge interns transition from military to civilian life, and the value and positive impact of the program can’t be overstated. At LiftOne, we’ve gained so much from the experience and diverse mix of technical and leadership skills of our SkillBridge candidates.” “Our participation demonstrates our long-standing commitment to employing men and women who have served our country, and the value we place on their strong work ethic, discipline, loyalty and leadership qualities,” says Jessica Mason, Talent Acquisition Manager at Eastern Lift Truck Co. “Veterans enhance our workforce and make a positive impact on our entire organization.” Hyster-Yale is privileged to be recognized by the Office of the Deputy Assistant Secretary of Defense as an authorized SkillBridge organization. The SkillBridge program at Hyster-Yale welcomes eligible participants. For more information and to apply, please visit online: • Hyster-Yale corporate roles: hyster-yalecareers.com/ • Dealer network roles: www.hyster-yaledealernetworkcareers.com/ About Hyster-Yale Materials Handling Hyster-Yale Materials Handling, Inc., designs, engineers, manufactures, sells and services a comprehensive line of lift trucks, attachments, aftermarket parts and technology solutions marketed globally primarily under the Hyster® and Yale® brand names. Subsidiaries of Hyster-Yale Materials Handling include Bolzoni S.p.A., a leading worldwide producer of attachments, forks and lift tables marketed under the Bolzoni®, Auramo® and Meyer® brand names and Nuvera Fuel Cells, LLC, an alternative-power technology company focused on fuel cell stacks and engines. Hyster-Yale Materials Handling also has an unconsolidated joint venture in Japan (Sumitomo NACCO). Hyster-Yale Materials Handling, Inc., is a wholly owned subsidiary of Hyster-Yale, Inc. (NYSE: HY). For more information about Hyster-Yale and its subsidiaries, visit the Company's website at www.hyster-yale.com. ©2024 Hyster-Yale Materials Handling, Inc. all rights reserved. Hyster-Yale, Hyster and, Yale are trademarks of Hyster-Yale Materials Handling, Inc. Contact Nicole McLawhorn Hyster-Yale Materials Handling 252-561-5399 nicole.mclawhorn@hyster-yale.com
An overhead crane generally used for ergonomic purposes and consisting of bridge(s) and runways made from enclosed metal track. End trucks attached to the bridge girder allow for ease of movement. The entire system is designed to allow workers to move loads by hand pushing the load with the assistance of a vertical lifting device such as a hoist or vacuum lifter.
A lifting and horizontal movement device mounted on a "bridge" of one or more horizontal girders (bridge girders) which are supported at either end by trucks (end trucks). These trucks are attached at right angles to the girders and move on runways which are attached to a building's columns, overhead trusses, frames, or via a free standing system of columns.
A hinged transition plate which is attached to the edge of the platform and used to bridge the gap between the platform and landing and/or truck bed.
An electric overhead traveling crane having the end trucks supported on track attached to the bottom flanges of the beam; or supported on bottom flanges of beams. These beams make up the crane runway.
