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NMHG Appoints Gregory Poole as Dual-Branded Dealer and Expands Dual-Branded Appointment for LiftOne

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GREENVILLE, N.C. (October 19, 2015) – NACCO Materials Handling Group (NMHG) announced today that Gregory Poole Equipment Company has been appointed as an authorized dealer of Hyster® lift trucks in most of Virginia and in portions of North Carolina, South Carolina and West Virginia, and as an authorized dealer of Yale® lift trucks in portions of North Carolina, South Carolina and Virginia, following its acquisition of the dealer operations of Dougherty Equipment Company, Inc. and VBS Inc. Material Handling Equipment, as well as certain assets of Briggs Equipment, Inc. in North and South Carolina.

As part of a broader agreement, Gregory Poole has sold a portion of the assets acquired from Dougherty, to LiftOne, LLC, an authorized dealer of Hyster® and Yale® products headquartered in Charlotte, N.C.

This series of acquisitions, and the execution of a dealer agreement with Gregory Poole Equipment Company, represent a major and successful restructuring of NMHG’s dealer network for its Hyster® and Yale® brands across multiple states. With these changes, Gregory Poole will transition from its former competitive lift truck supplier relationships, ultimately representing only Hyster and Yale branded lift trucks. Gregory Poole will continue its strong CAT construction, forestry and power generation equipment dealer relationships.

“Today’s announcement represents the culmination of a lot of hard work that’s taken place over the past 24 months,” said Bob Sattler, Vice President of Dealer Business Development for NMHG. “We commend Gregory Poole, LiftOne, Dougherty, VBS and Briggs for their extraordinary efforts and the professionalism demonstrated throughout this transition to ensure continuity for customers and associates. The expansion of our U.S. dual-brand dealer network is integral to our growth strategy, and we are confident that this restructuring will bring greater support and product access to our customers.”

“Gregory Poole is built on the core values of integrity and excellence in all that it does,” stated Hal Ingram, Vice President for Gregory Poole Lift Systems. “As a well-diversified, established corporation with a track record of over 60 years of success, we are proud to now represent one of the largest materials handling manufacturers in the country, ensuring a stable business partner for our customers’ long-term materials handling needs.”

About Gregory Poole Equipment Company
Gregory Poole Equipment Company is headquartered in Raleigh, N.C. and has been a Caterpillar Construction dealer for eastern North Carolina since its founding in 1951. Gregory Poole has expanded its Lift Systems operations into SC, VA and WV. The Company has a total of 27 locations reaching NC, SC, VA and parts of WV. Gregory Poole Lift Systems, established in 1968, is an award winning Division of Gregory Poole Equipment Company. Each Gregory Poole Lift Systems’ branch location provides full maintenance, field service, OSHA safety training, fleet management and rental services through experienced and highly trained forklift technicians, state-of-the-art tooling, and a fully stocked parts department. For more information on Gregory Poole Equipment Company, please visit www.gregorypoole.com or call 800-451-7278. For more information on the Gregory Poole Lift Systems Division, please visit www.gregorypoolelift.com.

About LiftOne, LLC
Headquartered in Charlotte, N.C., LiftOne, LLC, a subsidiary of Carolina Tractor and Equipment Company (‘CTE”), a full-service materials handling dealership, is an authorized Hyster® dealer in portions of North Carolina, South Carolina, Georgia, Alabama, Virginia, Kentucky and portions of Tennessee, and an authorized Yale® dealer in portions of North Carolina, South Carolina, Georgia and Tennessee. Since 1926, LiftOne has been committed to being its customers’ trusted partner by offering the highest levels of support and services. LiftOne offers a wide range of Hyster and Yale lift trucks; from pallet jacks to 115,000-lb container handlers, specialty equipment such as Ottawa trailer spotters and Rail King rail car movers as well as the related aftermarket services to keep those products moving quickly, smoothly, and safely throughout the supply chain. The CTE family of companies is also positioned to support Caterpillar® construction, forestry, paving products, and power generation systems as well as LinkBelt® cranes. As a recipient of Hyster Company Dealer of Distinction, MHEDA’s Most Valuable Partner and Ottawa Premier Partner awards, LiftOne has been recognized as achieving the highest standards for its customers and manufacturing partners. For more information, visit www.liftone.net.

About NACCO Materials Handling Group
NACCO Materials Handling Group (NMHG) designs, engineers, manufactures, sells and services a comprehensive line of lift trucks and aftermarket parts marketed globally primarily under the Hyster® and Yale® brand names. NMHG is a wholly owned subsidiary of Hyster-Yale Materials Handling, Inc. (NYSE:HY). Hyster-Yale Materials Handling, Inc. and its subsidiaries, headquartered in Cleveland, Ohio, employ approximately 5,500 people world-wide. For more information, visit www.hyster-yale.com.