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

You realize the power and necessity of mobile and wireless technology; however, pulling the trigger to change internal processes (and write those big checks) is another matter entirely. Whether your organization is moving from "pencil" procedures or upgrading, you cannot afford to be wrong when making these critical decisions.

FedEx said GENCO will continue to operate as an independent company until the deal is complete in early 2015.

An estimated 250 technicians are to complete a two-week training program within the first year.

After the check presentation, the team scored another four touchdowns to total $59,000.

Winners to be announced at April forum focusing on best practices, challenges, and benefits associated with reusables in a supply chain.

About the Author

Josh Bond, Associate Editor
Josh Bond is an associate editor to Modern. Josh was formerly Modern’s lift truck columnist and contributing editor, has a degree in Journalism from Keene State College and has studied business management at Franklin Pierce. Contact Josh Bond


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA