Mitsubishi Logisnext Co., Ltd. announces its consolidated subsidiary Mitsubishi Logisnext Americas Inc. will acquire all of the outstanding equity interests of Pon Material Handling, NA, Inc. (PMH), a U.S. material handling equipment dealer operating its business under the name of Equipment Depot.
PMH manufactures and sells forklift equipment in North, Central, and South America through its two subsidiaries under MLNA, including Mitsubishi Caterpillar Forklift America Inc. (MCFA) and UniCarriers Americas Corporation.
Serving local communities since 1951 with locations spanning 1,500 miles, PMH, operating as Equipment Depot, has been one of the largest independent material handling and rental business in the U.S. Equipment Depot is also the largest dealer for MCFA, with a stable and profitable client-base.
Overall, MLNA’s acquisition of Equipment Depot will strengthen its position in the industry by expanding its direct sales channels, enhancing its service offerings and ensuring achievement of future growth goals. This acquisition will enable the company to meet the comprehensive needs of both existing and new customers in the material handling, parts, services and rental businesses.
The date of share transfer is currently anticipated to be at the end of July 1, 2019.
