Jungheinrich Reaches Agreement With New Dealership Network
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RICHMOND, VA - Jungheinrich Lift Truck Corp. has reached an agreement
with
Equipment Depot of Ohio to further expand its dealership network in
North
America. Jungheinrich will complete a sale of assets and the virtual
relocation
of its factory store in Cincinnati to Equipment Depot of Ohio around
March 1,
2009.
The restructuring and transition to Equipment Depot of Ohio is a
very
significant and positive step for Jungheinrich's business growth in this
region,
as this agreement allows Jungheinrich to extend its reach to many more
potential customers, and provides opportunities for further expansion in
the
Northeast.
Equipment Depot's dealer network in North America has achieved over $400
million in sales and employs 1,750 personnel. The network consists of
five
regional equipment dealers with 40 locations in 12 states, including the
former
Portman Equipment Company, recently renamed Equipment Depot of Ohio.
The overall network locations span from the Midwest to the Northeast, as
well as a South Central region.
Equipment Depot is owned by the Pon family and is one of the world's
largest
family-owned businesses. Ed Neyer, President and CEO of Equipment Depot,
stated "Jungheinrich is truly a premier lift truck brand which now
provides our
customers with a broad selection of quality order pickers, reach trucks
and
other lift trucks for their warehousing needs. Their feature-rich line
of turret
trucks will be an exciting addition to our systems group, and will boost
our
ability to help customers optimize the flow of material in their
warehouses and
distribution centers.
We welcome Jungheinrich to our successful
organization
and expect them to be a significant contributor to our continued
growth."
Neyer also pledged to maintain the "local intimacy" that has become the
hallmark of the Pon family's success as they sell and service
Jungheinrich lift
truck vehicles for customers.
John Sneddon, President of Jungheinrich Lift Truck Corp., also stated
"We are
very excited about this move because the business opportunities are far
greater with Equipment Depot than any other alternative approach we
considered - including retaining our Cincinnati factory store. We have a
very
optimistic and positive outlook for the near future as we effect this
transition
over the next month or so." Sneddon also indicated that "a number of the
key Jungheinrich Cincinnati factory store staff will be transferring to
Equipment Depot."
All current customer contracts and agreements with the Jungheinrich
factory
store, including rental contracts, will be transferred and supported by
Equipment Depot.
For more information about this new dealership agreement, contact
Jungheinrich Lift Truck Corp., 5601 Eastport Boulevard, Richmond, VA
23231.
Call: 804-737-7400. Fax: 804-737-7467, or, visit the website at
http://www.jungheinrich-us.com.
About Jungheinich
Jungheinrich is the world leader in warehouse logistics technology.
Founded
over fifty years ago, the company has grown from its beginnings as a
European manufacturer of materials handling equipment to an
international
supplier of industrial trucks, warehousing technology and materials-flow
products. Today, it is a major supplier of forklift trucks around the
globe, and
offers a complete range of materials handling equipment, rack systems
and
services related to manufacturing logistics.
Jungheinrich's growth has been due in large part to the high value it
has
always placed on leading-edge design and technological innovation. This
is
seen, for example, in the company's proprietary 3-phase AC motor and
controller technology, and in a host of productivity and ergonomic
enhancements. Jungheinrich has more than 120 strategically-located
service
support centers and store operations in the U.S., and sales and service
companies in countries around the industrialized world.
About Equipment Depot
Equipment Depot was founded in 1975 as Central Texas Clarklift in Waco
and
Austin, Texas. It changed its name to Equipment Depot in 1995 to better
reflect the company's expanded product and service capabilities. In
August
2000 it was acquired by Pon North America. Today, the five regional
companies that make up the Equipment Depot dealer network represent more
than 50 industry leading manufacturers - providing sales and service
coverage in about 25% of the country with more than 40 locations in 12
states. Service vans with colorful racing decals are a familiar sight
throughout
its sales, rental and service areas.
In the past year the Equipment Depot dealer network exceeded $420
million in
sales. It employs more than 1,750 employees, including more than 900
factory-trained service technicians. It offers 24/7 equipment service
from
more than 600 radio-dispatched service vehicles. Additionally, it has
more
than 26,500 customer-owned units covered by service contracts. It has
more
than 800 units of used equipment in inventory as well as more than 7,500
units in its short-term rental fleet.
For more information about Equipment Depot, visit their web site at:
http://www.eqdepot.com
