Subscribe to our free, weekly email newsletter!

NACCO and Hyster-Yale Materials Handling announce completion of spin-off

Effective Monday, October 1, Hyster-Yale began its first full day as an independent company.
By Modern Materials Handling Staff
September 28, 2012

NACCO Industries, Inc. (NYSE: NC) and Hyster-Yale Materials Handling, Inc. (NYSE: HY) announced today the spin-off by NACCO of its materials handling business to NACCO stockholders.

At the close of business today, NACCO will distribute a dividend of one share of Hyster-Yale Materials Handling, Inc. Class A and one share of Hyster-Yale Materials Handling, Inc. Class B Common stock to holders of each share of NACCO Class A and Class B Common stock.

Hyster-Yale Class A Common stock has been approved for listing on the New York Stock Exchange. On Monday, October 1, Hyster-Yale will begin its first full day as an independent company, and will begin trading its Class A Common stock on the NYSE under the symbol “HY.”

Subscribe to Modern Materials Handling magazine

Subscribe today. It's FREE!
Find out what the world’s most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today!

Recent Entries

US robot installations up 11%; global market value including support services estimated at $32 billion for 2014.

In a global economy, the beat of a butterfly’s wings in one part of the world can truly lead to a supply chain disruption on the other side of the globe. In his new book, Yossi Sheffi describes how the best companies prepare for modern vulnerabilities and develop corporate resilience.

Yossi Sheffi talks about his new book, The Power Of Resilience: How The Best Companies Manage The Unexpected, and how the best companies are balancing the risks involved in new products, new markets, and new processes—all crucial for growth—and the resilience created by advanced risk management.

Half of large U.S. companies are bringing some of their manufacturing processes back onshore. But it’s not as simple as turning out the lights in one locale and setting up shop in another, says reshoring expert Rosemary Coates.

Events to include tabletop exhibitions of products and services from leading robotics companies.

About the Author

Josh Bond, Senior Editor
Josh Bond is Senior Editor for Modern, and was formerly Modern’s lift truck columnist and associate editor. He has a degree in Journalism from Keene State College and has studied business management at Franklin Pierce University.

© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA