MHEDA Journal Article addresses material handling acquisitions.
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Press Release Summary:
Fourth Quarter 2010 issue of The MHEDA Journal features article about the decisions that go into making an acquisition. Lift truck distributor Duncan Murphy, President of Riekes Equipment and 2009 MHEDA President, outlines considerations that a company must make when pursuing a company to acquire. Murphy talks about different elements that went into acquisition of Bublitz Machinery, including financial circumstances that led to the deal, developing a company culture, and employee retention.
Original Press Release:
Making A Material Handling Acquisition
The story of one forklift distributor's decision to form a new company.
Dewitt, NY - The Fourth Quarter 2010 issue of The MHEDA Journal, the leading online magazine for the forklift, storage & handling, and general material handling equipment industries, features an article about the decisions that go into making an acquisition. Lift truck distributor Duncan Murphy, president of Riekes Equipment (Omaha, NE) and 2009 MHEDA President, outlines considerations that a company must make when pursuing a company to acquire.
Murphy talks about all the different elements that went into his company's acquisition of Bublitz Machinery in Kansas City, Missouri, including the financial circumstances that led to the deal, developing a company culture, employee retention and more. "The single biggest piece of advice I can give is that nothing is as easy as it looks," Murphy writes. "It will take time to raise performance to match your goals. It will take time for the culture to become embedded. Given that, make sure you are adequately capitalized to give yourself the time it will take. It also takes a lot of mental and physical energy, so be prepared for the drag on you and your staff."
This is just one of the many pieces of valuable advice offered in "Making An Acquisition," in the October 2010 issue of The MHEDA Journal. The full text of the article is available at The MHEDA Journal Online at www.TheMhedaJournal.org. The print version of The MHEDA Journal is mailed out to subscribers in January, April, July and October.
For more information, contact Chris Powers, editor of The MHEDA Journal, (315) 445-2347, e-mail: chris@datakey.org.
About MHEDA
Founded in 1954, the Material Handling Equipment Distributors Association (MHEDA) is the premier source for manufacturing knowledge, education and networking. Through its member journals (http://www.TheMhedaJournal.org), e-magazines, newsletters, and industry wiki (http://www.wikimheda.org), MHEDA connects the manufacturers of storage and handling, lift trucks and conveyor equipment and distribution leaders for the purpose of delivering optimal solutions to the users of those products. MHEDA publications are the industry's voice for all matters related to the latest technology and the most up-to-date processes spanning the movement and storage of all materials. A 501(c)3 organization, MHEDA members span all of North America.
