CLARK Material Handling Company Announces Sale of Shares to Chief Executive Officer
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Lexington, KY - January 16, 2008 - CLARK Material Handling Company announced today that it has sold an equity interest in CLARK Material Handling Company to Mr. Dennis J. Lawrence, President and C.E.O of the Lexington, KY based company. With this purchase Mr. Lawrence becomes the single largest individual owner of CLARK stock.
"We have worked diligently to bring this organization back to the forefront of the material handling industry and believe that we have been most successful. Partnered with our dedicated North American dealerships, and our experienced team of CLARK professionals, we continue to implement our long term strategic plan for sustained growth in the material handling industry." - Dennis Lawrence, President & CEO.
CLARK's Chairman S.H. Baik and Mr. Lawrence first met in 1982 and have partnered in many successful businesses over the years. With the continued growth of CLARK, this purchase represents a long-term commitment by Mr. Lawrence to the entire CLARK organization.
A global leader in material handling since it invented the first material handling truck in 1917, CLARK maintains production and sales facilities in Germany, Korea, China, Brazil, Chile and Costa Rica in addition to its facilities in Kentucky. Over one million CLARK forklifts have been sold worldwide. CLARK and its TOTALIFT all brands program offer a full range of aftermarket parts for all brands of forklifts. CLARK products and parts are distributed and supported through a global network of over 550 dealers.
"CLARK-Built to Last".
For additional information on CLARK, its products or to locate a dealer visit us at www.clarkmhc.com or call toll free 866-252-5275
