Daifuku to acquire Webb
Top materials handling system supplier Jervis B. Webb's sale of its company to global leader Daifuku expands and strengthens the Japanese company's overseas business.
By Tom Andel, Editor in chief -- Modern Materials Handling, 11/15/2007
Japan’s Daifuku is set to acquire the Jervis B. Webb Company of Farmington Hills, Mich.
The transaction is expected to be completed in December, pending final government authorizations and approvals. Through the acquisition of Webb, Daifuku is accelerating the expansion and strengthening of its overseas business, an important goal in its three-year business plan launched in April 2007.
This means the global rankings on Modern’sTop 20 Systems Suppliers will likely change next year. Daifuku, currently No. 2 on Modern’s list of materials handling systems suppliers, has a chance to overtake Schaefer Holding International, which grew nearly 20% and took the No. 1 spot on our list for the first time this year. Webb held the No. 15 spot.
“The complementary and supportive cultures of Daifuku and Webb will strengthen operations for both companies and help us grow internationally,” said Katsumi Takeuchi, president and CEO of Daifuku. “Daifuku has built its business with the idea that production and procurement should be near its customers, and the Webb acquisition further supports this goal.”
Daifuku will position Webb as a new core business within the Daifuku group. Whether the Webb brand will be preserved is yet to be determined.
“Daifuku understands that Webb has been around for 90 years and they know what that brand has meant to the material handling industry, so they don’t currently have plans to change that,” says Sarah Carlson, marketing manager for Jervis B. Webb. “Daifuku plans to allow us to continue to run our business as usual, so it will not change our contracts with channel partners. Our product lines complement each other and that’s why this is such a good fit for Webb and Daifuku.”
Ed Ray, general manager of Daifuku’s international business development, adds that the merger of these two lines will open up a world of organizational possibilities as well, considering how close the two companies are philosophically.
“The lean philosophy Webb has espoused for some time is already ingrained at Daifuku,” he told Modern. “Plus there is a positive atmosphere of cooperation among the top management of both companies.”
Daifuku executive vice president Masaki Hojo and Webb president and CEO Susan M. Webb will act as co-CEOs of the newly joined businesses.
Daifuku acquires Webb
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02/28/2007Jervis B. Webb president & co-CEO retires
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