FORKLIFTACTION.COM NEWSLETTER! - #5
Materials Handling Online - September 15, 2000

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HOIST & ELWELL-PARKER FORM PARTNERSHIP
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BEDFORD PARK, Illinois, USA -- Hoist Liftruck MFG Inc, manufacturer of
heavy-duty forklifts, has bought Cleveland, Ohio-based Elwell-Parker.

The price has not been released.

The purchase adds numerous specialty products to Hoist Liftruck's range.
Elwell-Parker's range includes counterbalance trucks, low-lift platform
trucks, rider/walkie custom vehicles.

Hoist will continue to sell Elwell-Parker equipment under the Elwell-Parker
brand, and will retain existing Elwell-Parker dealers.

In US regions where there are no Elwell-Parker dealers, distribution will
be through Hoist's local distributors.

Where Hoist and Elwell-Parker have competing products, such as the two brands'
internal combustion truck ranges, Hoist will appoint an Elwell-Parker product
specialist who will work at the dealership, but focus on the Elwell-Parker range.

Hoist Liftruck has been in the materials handling industry since 1918, and has
supplied heavy duty cushion tyre lift trucks for more than 30 years.

Elwell-Parker's major markets during the past 20 years have been the heavy
industrial, metals, and automotive industries.

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CLARK MHC SELLS BLUE GIANT FOR US$11 MILLION
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LEXINGTON, Kentucky, USA -- Clark Material Handling Company is selling the
assets of its Blue Giant units to TBM Holdings Inc subsidiary, Long Reach
Holdings Inc, for US$11 million.

The company this week confirmed it had signed a letter of intent to sell
the assets of its wholly owned sister companies, Blue Giant Ltd and Blue
Giant Corporation, to Long Reach. Clark expects to close the deal by November.

Blue Giant Ltd manufactures loading dock and safety equipment, from full-sized
mechanical and hydraulic dock levelers to industrial walkies and lift tables,
while Blue Giant Corp manages the industrial truck business.

When the deal is finalised, Blue Giant Corp will change its name to Clark.
Only one Blue Giant company, based in Toronto, Canada, will remain.

The sale of the Blue Giant assets is subject to approval by the bankruptcy
court, as is a cross-sourcing of Clark/Blue Giant product with TBM. The deal
also requires the consent of Blue Giant Corporation's lender.

Clark filed voluntary reorganisation petitions under Chapter 11 of the US
Bankruptcy Code in April. The company has since shifted its forklift production
operations from its Lexington headquarters to facilities in Korea, Germany and
Alabama.

Clark is selling Blue Giant as part of a broader restructuring plan under its
Chapter 11 commitments, and the transaction is subject to due diligence.

TBM, established in June last year, is an investment vehicle, "empowered with
capital, resources, management and powerful operating strategy" which acquires
manufacturing companies, says TBM president Bill Schwartz.

The company acquired Long Reach, manufacturer of materials handling equipment
and forklift attachments, in February. In May, Long Reach acquired Lee
Engineering Company, makers of pallet stackers, scissor lifts and dock lift
under the Presto brand.

Mr Schwartz said he was "elated" at the purchase of the Blue Giant assets and
distribution.

"The potential acquisition of Blue Giant as an add-on acquisition for Long Reach
reflects our growth strategy in the materials handling industry," he said.

Mr Schwatrz said TBM had been "considering several opportunities" to acquire
niche manufacturers, and Blue Giant had emerged as the company with the most
"significant growth potential".

"Blue Giant's products are highly complementary with our Presto Lift and
Rol-Lift products. The agreement includes cross-sourcing of product from Clark
to TBM under the Blue Giant name and TBM to Clark under the Clark name," he said.

Mr Scwartz said he expected the companies to share a lengthy relationship, and
that both would "benefit greatly".

Clark chairman Martin M. Dorio Jr said Clark wanted to focus on its "core
products", and was "excited" at the partnership.

"While Clark is pleased with the progress Blue Giant has made, its product
lines are peripheral to Clark's core business, which is a leading forklift
supplier," he said.

"TBM is a growing company in material handling and ergonomic equipment and will
commit the resources and capital necessary to grow the Blue Giant business on a
worldwide basis."

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BRAMBLES SILENT ON RENTAL DIVISION SALE
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SYDNEY, Australia -- Brambles Industries Ltd is tight-lipped on a rumoured
imminent sale of its forklift division.

forkliftaction.com has received no response to requests for information from
Brambles' chief executive, marketing manager or other executives.

Many Australian forklift industry participants, from manufacturers to
distributors, believe Portland, Oregon, USA-based NACCO Materials Handling
Group's Asia-Pacific arm is a lead contender, should a sale go ahead.

But NMHG Asia-Pacific Pty Ltd spokesman Andrew Dickson said the company was not
in any official negotiations, and the acquisition of a Brambles division in
Cleveland, Ohio, USA, did not mean the company would buy the Brambles forklift
rental division in Australia.

The Sydney Morning Herald has reported Brambles chief executive John Fletcher
saying the company was negotiating the sale of its forklift rental operations in
Australia and Europe, and that analysts believed the entire equipment rental
division may be sold.

Brambles' share price dipped by more than 8% on the Australian Stock Exchange
after Mr Fletcher announced his resignation late last month.

Mr Fletcher told the Herald that a sale of the forklift division was part of
the company's bid to boost profits through restructuring.

However, any sale would require the approval of the Australian Government's
regulatory body, the Australian Competition & Consumer Commission, because
of the potential market monopoly it could create.

Deutsche Bank will neither confirm nor deny whether it has tendered the sale.

NMHG Asia-Pacific is the second-largest fleet rental company in Australia behind
Brambles. The group markets Hyster and Yale forklift trucks, and has a combined
fleet, from less than one-tonne to 48-tonne trucks, of more than 3000 machines
throughout Australia's warehouses and wharves.

Brambles' forklift rental fleet pool is the largest in Australia, with an
estimated 5000 units. Backed by an extensive network of mobile workshops around
Australia, the company offers rental and service options on long and short-term
contracts.

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NEWS BRIEFS

THIEVES "LIFT" GOODS WITH FORKLIFTS
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KLANG, Malaysia -- Seven men, dressed as security guards, have talked their way
into a heavily-guarded electrical goods warehouse in the Port Klang Selat Utara
industrial area and used forklifts to cart away RM942,000 of goods.

Malaysian newspaper The Star reported the men overpowered six guards,
blind-folded them and herded them into a toilet.

The group used several forklifts and two trailers to steal 771 radios,
180 karaoke video players, 110 hi-fi VCDs, 144 televisions, 98 home theatre
systems and a vacuum cleaner.

WORKERS INJURED IN FORKLIFT ELECTRICAL ACCIDENT
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BRIDGEVIEW, Chicago, USA -- Two construction workers were critically injured
by an electric shock when the forklift they were operating struck overhead
wires, the Chicago Tribune has reported.

The men were burnt on up to 40% of their bodies after steel rods, which they
were hoisting with the forklift, contacted the wires overhead.

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