Mitsubishi Logisnext Americas Announces Changes For Americas Region

HOUSTON, Feb. 10, 2021 /PRNewswire/ -- Mitsubishi Logisnext Americas announced today that Mitsubishi Logisnext Americas group will become 100% fully owned by Mitsubishi Logisnext, effective March 1, 2021. Mitsubishi Logisnext Americas group is a leading North American provider and manufacturer of material handling and innovative automation and fleet solutions.

As part of this change, the Mitsubishi Logisnext Americas group subsidiary, Mitsubishi Caterpillar Forklift America Inc. (MCFA), will acquire the MCFA shares held by its minority stockholder, Caterpillar Industrial Inc., a subsidiary of Caterpillar Inc. This will make Mitsubishi Logisnext Americas group 100% fully owned by Mitsubishi Logisnext based in Kyoto, Japan.

"We're excited to take this next step as Mitsubishi Logisnext Americas," said Ken Barina, president of Mitsubishi Logisnext Americas. "Today's milestone further demonstrates our long-term commitment to serving the Americas market, and we look forward to the next chapter ahead."

Caterpillar Inc. and the Mitsubishi Logisnext Americas group will continue their long-term strategic relationship, working together to deliver new products and solutions for their customers. The Cat® lift trucks brand will continue to be used globally by the Mitsubishi Logisnext group.

"Caterpillar is proud of its long-standing relationship with Mitsubishi Logisnext," said Phil Kelliher, Caterpillar vice president of the Americas Distribution, Service & Marketing Division. "We look forward to continuing our global strategic relationship, and we are pleased our customers will continue to be successful with Cat lift truck products."

Additionally, Jungheinrich AG and the Mitsubishi Logisnext Americas group will continue operating under its existing, long-term manufacturing and distribution agreement for the North American market.

The group will continue to offer a full-range of material handling, automation and extensive fleet solutions to customers across its five leading brands – Cat lift trucks, Mitsubishi forklift trucks, Rocla, UniCarriers® Forklifts and Jungheinrich.

For more information, visit LogisnextAmericas.com.

About Mitsubishi Logisnext Americas
Mitsubishi Logisnext Americas Inc. and its group companies have helped customers Move The World Forward for more than 100 years. A technology-driven manufacturer, Mitsubishi Logisnext Americas offers scalable solutions from material handling to automation and extensive fleet support. Headquartered in Houston, Texas, its complete portfolio of advanced solutions spans across five leading brands – Mitsubishi forklift trucks, Cat^® lift trucks, Rocla AGV Solutions, UniCarriers^® Forklifts and Jungheinrich^® warehouse and automation products. All products are backed by an extensive dealer network offering industry-leading customer service and product support. For more information, visit LogisnextAmericas.com.

About Caterpillar 
With 2020 sales and revenues of $41.7 billion, Caterpillar Inc. is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. Since 1925, we've been driving sustainable progress and helping customers build a better world through innovative products and services. Throughout the product life cycle, we offer services built on cutting-edge technology and decades of product expertise. These products and services, backed by our global dealer network, provide exceptional value to help our customers succeed. We do business on every continent, principally operating through three primary segments – Construction Industries, Resource Industries, and Energy & Transportation – and providing financing and related services through our Financial Products segment. Visit us at caterpillar.com or join the conversation on our social media channels at caterpillar.com/social-media. 

SOURCE Mitsubishi Logisnext Americas

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http://www.logisnextamericas.com