Hoist Liftruck enters into private label agreement with TMHU
U.S. forklift manufacturer will provide private label pneumatic tire forklift trucks to Toyota Material Handling U.S.A, Inc., under an exclusive five-year agreement.
Hoist Liftruck Mfg., a manufacturer of high-capacity material handling equipment, has announced it has entered into an exclusive agreement with Toyota Material Handling U.S.A., (TMHU) to manufacture pneumatic tire forklifts under a private label agreement.
Hoist Liftruck will manufacture to TMHU’s specifications pneumatic tire products with capacities ranging from 22,000 to 72,000 pounds under a private label agreement, with its first orders expected to be delivered later this year.
“Toyota has consistently demonstrated the ability to produce results with the products it distributes and we feel our pneumatic tire trucks will be an excellent addition to their product line up,” said Stu Jacover, vice president of strategy and development of Hoist Liftruck. “We are excited to partner with TMHU on this project and we are confident this will be integral to our mutual growth.”
“The high capacity forklift market is an important segment of the material handling industry in North America,” said TMHU president Jeff Rufener. “We are committed to our role as a full line supplier and we are proud to partner with Hoist to offer Toyota dealers and customers a broader selection of high capacity forklifts made in the U.S.”
Hoist Liftruck recently announced its pending manufacturing expansion into a 550,000-square-foot building in East Chicago, Ind., following increased business resulting from strategic positioning in the marketplace, continuing growth of the economy and booming industries.
