What is Yale Materials Handling Corporation?
About the company:
Yale Materials Handling Corporation is an American company that produces forklifts and other materials handling equipment. The company traces its origins to lock manufacturer started by Linus Yale Jr. in 1844. Yale produced its first forklift during the 1920s under the brand Yale & Towne Manufacturing.
What products does the Yale Materials Handling company sell?
The company manufactures:
- Forklifts
- Reach Trucks
- Order Selectors
- Very Narrow Aisle Trucks
- Pallet Stackers
- 3 Wheel Electric
- 4 Wheel Electric
- Tow Trucks
- Internal Combustion Pneumatic Tire
- Internal Combustion Cushion Tire
- High Capacity Trucks
History of Yale Materials Handling
In 1868, Linus Yale and Henry Towne formed the Yale Lock Manufacturing Company. It later became Yale and Towne Manufacturing Co.
During the 1920s, Yale entered the market with an electric battery powered machine. In 1923, the company produced the first electric truck with raising forks and an elevated mast. Today, it is considered the very first forklift truck. It was quickly followed by a series of high-lift platform trucks and tow tractors.
In the 1930s Yale grew and started making trucks in England. It acquired BKS forklifts in Germany. Yale also developed innovations such as power steering, center-control trucks, caster steering, as well as high heat-resistant Class-H silicon insulation in electric motors.
In 1950, Yale added gas, LP gas and diesel-powered forklifts. The company merged with multinational Eaton Manufacturing in 1963.
North American Coal Corporation (NAACO) bought Yale Materials Handling in 1985 . It later became NACCO Industries, Inc.
Who owns the Yale Materials Handling Corportion?
Yale Materials Handling Corporation was combined with Hyster Company in 1989 to form NACCO Materials Handling Group. NACCO Materials Handling Group was spun off as a separate public company from NACCO in 2012. The new name was Hyster-Yale Materials Handling, Inc.
