Lift truck maker The Raymond Corp. has acquired the forklift dealer Raymond Handling Concepts Corp. (RHCC) in a move that will strengthen its position in the northwestern U.S., the firm said today.
The acquisition coincides with the retirement of RHCC President Steve Raymond, a grandson of The Raymond Corp. founder George Raymond Sr., who has been president of RHCC for 31 years, the companies said.
Terms of the transaction were not disclosed.
Greene, N.Y.-based Raymond Corp., which is a unit of Toyota Material Handling North America (TMHNA), plans to continue RHCC's relationships with all its associates, customers, and suppliers, according to a statement from Steve VanNostrand, executive vice president of administration at Raymond.
RHCC, with headquarters in Fremont, Calif., is a dealer of high-density storage, order picking systems, integrated systems, and storage solutions for warehouse and distribution facilities throughout the western U.S. region of Alaska, Idaho, western Montana, Northern California, northern Nevada, Oregon, and Washington.
