Toyota Industries Corp. has created a new business division to manage its North American logistics solutions area, named Toyota Advanced Logistics Solutions.
The logistics division will operate separately from Toyota’s forklift business, Toyota Material Handling North America, which has a manufacturing facility in Columbus, the company said. However, there will be coordination in strategic areas as needed, the company said.
Toyota Industries also has acquired Bastian Solutions LLC, a leading systems integrator with regional U.S. operations and a presence in strategically significant international markets, the company announced Thursday.
Mike Romano has been appointed president and chief executive officer of Toyota Advanced Logistics Solutions. He has 30 years of management experience, including leading Associated Integrated Supply Chain Solutions in Chicago. Romano begins his new responsibilities April 3.
Bill Bastian II is expected to remain CEO of Bastian Solutions, which has a history dating back to 1952, and no management changes at the company are planned as a result of the acquisition deal.
Toyota Material Handling North America President and CEO Brett Wood said the company was affirming its commitment to the forklift business and intends to accelerate investments toward future growth.
“Toyota and Raymond brand forklift dealers and their customers will benefit from the creation of Toyota Advanced Logistics Solutions and Toyota Industries Corp. growing focus in the area of advanced logistics technology,” Wood said.
Toyota Material Handling continues to invest in growing the North American material handling business, which has resulted in increased employment, the company said.
The acquisition of Bastian Solutions is subject to regulatory approvals with a targeted closing date in April, the company said.
Toyota Industries Corp. (TICO)
Toyota Industries Corp. was established in 1926 in Japan and is the parent company of Toyota Material Handling North America and Toyota Advanced Logistics Solutions. TICO manufactures various products including automatic looms, car air conditioning compressors, automobiles, engines, electronics and material handling equipment. In the U.S., TICO has 10 manufacturing factories, employing about 11,000 people and generates more than $4 billion annually.
Toyota Material Handling North America (TMHNA)
Toyota Material Handling North America is the North American headquarters for Toyota Industries Corp. material handling equipment business and is the industry leader in forklift sales. The company produces 1,500 forklifts per week on average in its three U.S.-based manufacturing facilities in Columbus, Indiana, Greene, New York and Muscatine, Iowa. TMHNA employs more than 8,000 people generates more than $3 billion in revenue annually.
Bastian Solutions, headquartered in Indianapolis, is a material handling systems integrator with clients and offices around the world. Founded in 1952, the company is an innovator in material handling automation, supply chain software, industrial controls and robotics. The company has 17 U.S. offices and international offices in Australia, Brazil, Canada, India, Mexico and Spain.