Ads
News service and business centre for materials handlingHOME
Search  
/lynad/news_adclick.asp?assid=14777

14782,14781,14802 7441
Modern Group tightens distribution operations
Thursday, 6 Aug 2009 ( #422 ) - Bristol, PA, United States
News Story
Dave Griffith
Modern Group Ltd has restructured its operations as a single integrated full-line industrial distributor and no longer operates as a holding company in the mid-Atlantic region.

While positioning for future growth, "2009 is a significant challenge to top line, but we remain cash positive", says Dave Griffith, president and chief executive officer since 1995. "We will be doing acquisitions as we come out of the current environment."

Senior personnel with units of the Bristol-based Modern Group have assumed new responsibilities. Carl Rathemacher, formerly Modern Handling Equipment president, is now a special advisor to the CEO on acquisitions. Gerry Couch, formerly president of Modern Equipment & Sales Co, is now senior vice president of sales across all Modern Group businesses.

"We are streamlining the company and creating single points of contact in all of our operations," Griffith notes, adding that the restructuring allows Modern to provide customers with a full range of product offerings while maintaining a dedicated sales force and application specialists for specific products and services.

Griffith intends for the change to make operations more efficient and leverage the company’s investments in technology.

Modern Group employs more than 500 staff at 21 locations in Pennsylvania, New Jersey, Delaware and Maryland and provides sales, leasing, short-term rental, service, parts, training and financing services.

Predecessor firm Rapids Handling Equipment Co was formed in 1946, became a franchised dealer for Hyster in 1947 and, through the years, has logged about 33 acquisitions. Modern Group Ltd was formed as a holding company in 1979 to manage acquisitions.

Now, in addition to Hyster, Modern Group represents JLG, Genie, Generac and New Holland brands and a total of more than 400 product lines involving materials handling and construction equipment and power systems and generators.

The company operates under an employee stock ownership plan (ESOP) that went to a 100% status in 2003. Previously, a number of individual shareholders owned most of the business through an ESOP. The firm withholds sales figures.
Discuss Forkliftaction.com News stories in the Discussion Forums!
x
separate border
THIS WEEK'S NEWS
This weeks feature

This Weeks's Feature

The materials handling sector within Australia is a small but ... [Read the full report]
Global News

Global News

UNITED STATES Although a rare March snow storm that swept through Chicago ... [more]
UNITED STATES On the penultimate night of ProMat 2015, the Materials Handling ... [more]
UNITED KINGDOM Tailift has appointed Ambassador as its exclusive UK importer that ... [more]
NETHERLANDS Aerial work platform and telehandler rental specialist Riwal will invest ... [more]
UNITED KINGDOM Chinese equipment maker Detank has opened its UK headquarters in ... [more]
UNITED KINGDOM Thermoil Inc has appointed IPS as the exclusive UK distributor ... [more]
Lord Digby Jones a VIP at awards event - London, United Kingdom
Konecranes wins society award - Hyvinkää, Finland
UKWA Multimodal Challenge - London, United Kingdom [more]
Doosan introduces larger forklifts - Northampton, United Kingdom
Nexen grows portfolio with new models - Lowestoft, United Kingdom
Hoist introduces new model - Bedford Park, IL, United States [more]
BELGIUM The European Materials Handling Federation (FEM) joined with 15 other ... [more]
UNITED KINGDOM Registration for the IFWLA (International Federation of Warehousing Logistics Association) ... [more]
UNITED STATES Americold Logistics of Lynden, Washington was the big winner in ... [more]
/lynad/news_adclick.asp?assid=14804
Ads


Advertisement
Typically in a workplace where vehicles and pedestrians are in close proximity, safety between vehicles is enhanced by a set of traffic rules that rely on human compliance (such as give way rules). Often this reliance on drivers to obey the rules, make correct judgments or see vehicles in their ... [more]

Announcements (Ads)

Mobicon Systems introduces the latest in their ECO range, the ... [more]
/lynad/news_adclick.asp?assid=14800
Ads


SolidPlus is a dedicated industrial tyre service, providing fast, efficient ... [more]
TVH Australia's staff has decades of experience in Forklift parts ... [more]
/lynad/news_adclick.asp?assid=14803
Ads


Reflex is produced by Australian Paper and has a reputation ... [more]
MaxTruck, the unique omni-directional forklift from Sweden is equipped with ... [more]
Baoli launches a number of exciting new products onto the ... [more]
SPEEDING PROBLEMS? Unsafe speeds indoors? Too slow outdoors? Too fast ... [more]
Since its launch 2012, Manitou's MI range has been hugely ... [more]
GOODSENSE Forklift will bring products to Sydney this May for ... [more]
Smart Expo is the national event for professionals within the ... [more]
Advertisement
“... These forums and FLA are a huge help to us when we run into an issue regarding later model competitive trucks. There isn't a day that goes by that we don't use the resources that are provided by this site.“ - By forum user duodeluxe. With an average ... [more]
/lynad/news_adclick.asp?assid=14780
Ads


Subscribe to the weekly e-newsletter.
NEWS ARCHIVE | PAST NEWSLETTERS
©2013 Forkliftaction.com - All rights reserved
 
x
©Forkliftaction.com
Forkliftaction Media Pty Ltd
PO Box 1439
Milton QLD 4064
Australia


Storing your login information automatically.

When you select the 'Remember me' option, your login information will be stored on your computer in the form of a cookie. When you visit Forkliftaction.com again, the stored login information will be retrieved automatically and you will not have to submit your login parameters (email address and password) each time you want to visit our members-only pages.

A cookie is a small piece of data that is sent to your browser from a web server and stored on your computer's hard drive. A cookie can't read data off your hard disk or read cookie files created by other sites. Cookies do not damage your system.

 Back to Top