Toyota Industries Agrees to Acquire Bastian Solutions - Modern Distribution Management

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Toyota Industries Agrees to Acquire Bastian Solutions

Acquisition bolsters materials handling solutions business in North America.
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Truck manufacturer Toyota Industries Corp. has agreed to acquire Bastian Solutions LLC, Indianapolis, IN, for $260 million.

Bastian, with 2016 sales of $225 million and 579 employees, is a U.S.-based materials handling systems integrator.

This acquisition enables Toyota Industries to strengthen its materials handling solutions business in North America, with Bastian as its core of operations, and sets the stage for the expansion of business through a broad range of large-scale projects across the Americas.

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