TORONTO, Oct. 23, 2017 /CNW/ - Liftow, Toyota's largest
forklift dealer in North America
with 20 branches and 525 employees in Eastern Canada and Wisconsin, is pleased to announce the recent
acquisition of a controlling interest in MasonLift. Terms of the
transaction were not disclosed.
MasonLift has been in business for more than 70 years, has a
staff of 130 and operates out of 10 locations in British Columbia, representing Toyota, Kalmar
and Load Lifter forklift products, Ottawa terminal tractors and Atlas material
handlers.
Roger Sutton, Liftow's President
and CEO, stated that the acquisition of MasonLift "will have a
significant impact on Liftow's presence in the forklift
market. We plan on taking advantage of the respective strengths
that exist in both companies to create overall improvement."
"This is a momentous day for our company and we are excited to
welcome the talented colleagues at MasonLift to the Liftow family,
their addition will enhance the depth of our team", said
Roger Sutton.
MasonLift's majority shareholder, George
Peles, stated, "The culture of the two organizations were
aligned with both believing in the same old-fashioned values and
principles throughout their storied histories and it is anticipated
that shared best practices will create further efficiencies for the
combined entity".
About Liftow
Founded more than 50 years ago, Liftow's mission is to provide
its customers with the most exceptional material handling
equipment, products, training, and customer service in the
industry. The Company is dedicated to establishing a true
partnership with its customers, while finding the safest, most
productive, and cost-efficient solutions for their material
handling needs.
About MasonLift
With unmatched customer service capabilities, with the largest
number of trained technicians and the largest forklift rental fleet
in British Columbia, MasonLift is an industry
leader. For over 70 years, MasonLift, has provided
mobile material handling solutions to businesses throughout
British Columbia.
Additional Information
Additional information about Liftow and MasonLift is available
at the companies' websites www.Liftow.com and www.Masonlift.com
.
SOURCE Liftow Limited