Hyster-Yale Materials Handling, Inc., through its wholly owned operating subsidiary, Hyster-Yale Group, Inc., designs, engineers, manufactures, sells and services a comprehensive line of

lift truck A forklift (also called lift truck, jitney, hi-lo, fork truck, fork hoist, and forklift truck) is a powered industrial truck used to lift and move materials over short distances. The forklift was developed in the early 20th century by various c ...

s and aftermarket parts marketed globally primarily under the Hyster and

Yale Yale University is a private research university in New Haven, Connecticut. Established in 1701 as the Collegiate School, it is the third-oldest institution of higher education in the United States and among the most prestigious in the wor ...

brand names. It was spun off from NACCO Industries in 2012, but had been running as a standalone company within NACCO since 2002. Subsidiaries of Hyster-Yale Group include Nuvera Fuel Cells, LLC, an alternative-power technology company focused on fuel-cell stacks and related systems, on-site hydrogen production and dispensing systems, and Bolzoni S.p.A., a leading worldwide producer of attachments, forks and lift tables under the Bolzoni Auramo and Meyer brand names. Hyster-Yale Materials Handling was listed as a

Fortune 1000 The Fortune 1000 are the 1,000 largest American companies ranked by revenues, as compiled by the American business magazine '' Fortune''. It only includes companies which are incorporated or authorized to do business in the United States, and fo ...

company in 2014, 2015 and 2016.

History

The company's origins are in the Hyster Company and the Yale Materials Handling Corporation, the latter of which started off as a lock company, but has since become its own company.

References

Companies listed on the New York Stock Exchange Manufacturing companies based in Cleveland {{US-manufacturing-company-stub