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 trucks and aftermarket parts marketed globally primarily under the

Hyster Hyster is an American manufacturing company specializing in Forklift truck, forklifts and other materials-handling equipment. Hyster was founded in 1929 as the Willamette-Ersted Company in Portland, Oregon. The company was purchased in 1989 ...

and

Yale Yale University is a private Ivy League research university in New Haven, Connecticut, United States. Founded in 1701, Yale is the third-oldest institution of higher education in the United States, and one of the nine colonial colleges ch ...

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 Hydrogen gas is produced by several industrial methods. Nearly all of the world's current supply of hydrogen is created from fossil fuels. Article in press. Most hydrogen is ''gray hydrogen'' made through steam methane reforming. In this process, ...

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 {{location map+ , United States , float=right , width=400, relief=1 , caption=''Fortune'' 1000 company headquarters locations. Top 20 companies labeled, places= {{location map~ , United States , lat= 36.365378 , long= -94.217629 , label= Walmart, ...

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 part of a lock company. Yale Materials Handling Corporation is an American corporation that produces

forklift truck A forklift (also called industrial truck, 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 c ...

s and other material handling equipment.

produced its first forklift truck in the 1920s under the name Yale & Towne Manufacturing. Yale & Towne Manufacturing was purchased in 1985 by the North American Coal Corporation ( NACCO), which later became NACCO Industries, Incorporated. Yale Materials Handling Corporation was combined with Hyster Company, also purchased by NACCO, in 1989 to form NACCO Materials Handling Group. NACCO Materials Handling Group was then spun off as a separate public company from NACCO in 2012, under the name Hyster-Yale Materials Handling, Inc.

References

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