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".
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.
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.
SOURCE Liftow Limited
For further information: John Carr, Vice President & Chief Financial Officer, Phone: 905-677-3277 x2229, Email: [email protected]