newsworthy
Toyota acquires Cascade Corp.
Toyota Industries Corp. (TICO), the parent company of one of the nation’s largest lift truck manufacturers, will acquire Cascade Corp., an Oregon-based manufacturer of lift truck attachments, in a
deal valued at $759 million.
Toyota manufactures lift trucks around the
world, including at the Toyota Industrial
Equipment Manufacturing Inc. facility based in
Columbus, Ind., and the Raymond Corp. facility in
Greene, N. Y.
Cascade, based in Fairview, Ore., manufactures
material handling attachments and replacement
parts for the lift truck and construction industries.
The company has several plants in Ohio and other
facilities in Georgia, Canada, and Brazil.
Cascade will become a wholly owned subsidiary
of TICO. Robert C. Warren, president and CEO of
ed by the end of the year. ;
alliances
Diamond Pet Foods has begun shipping its products on
Intelligent Global Pooling Systems’ plastic RFID-tagged pallets. … Ocean container shipping company Maersk Line has
contracted with GT Nexus to provide Maersk’s customers
with advanced e-commerce capabilities. Maersk Line has integrated its back-office systems with the GT Nexus cloud supply
chain platform, enabling the shipping line to support paper-less business transactions with customers who use GT Nexus.
… TSC Container Freight is using the new rail visibility option
in Descartes’ IES Web Tracking solution and has adopted
Descartes’ cloud-based Ocean ACE (Automated Commercial
Environment) solution. … Wagner SprayTech, a provider of
commercial painting and industrial fine-finishing solutions,
will implement Voxware’s Cloud Voice Management Suite. …
Global third-party logistics service provider APL Logistics has
signed an agreement with Legend Holdings Co. Ltd. and
Beijing Willway Information Technology Co. Ltd. to acquire
their shares in APLL-Zhiqin Group, a Chinese joint venture
partnership among the three parties. … Saddle Creek
Logistics Services has been selected to manage fulfillment for
ipsy, an online beauty site based in San Mateo, Calif.