Toyota Material Handling, a manufacturer of loading and unloading vehicles, and Raymond Corp., an American subsidiary of Toyota Industries, have entered into a merger agreement. This is reported in a press release from Toyota Material.
From April 1, 2025, Toyota Material Handling and Raymond Corp. They are officially merging into one company called Toyota Material Handling North America (TMHNA), which will use the advantages of both companies to improve operational efficiency for the benefit of Toyota and Raymond customers. Raymond's integrated solutions in automation, telematics, virtual reality, and advanced energy technologies help optimize operations and bring warehouse and distribution operations to a new level of productivity.
TMHNA is building four manufacturing plants in Columbus, Indiana, Greene, New York, Muscatine, Iowa, and Toyota Heavy Duty in East Chicago, Indiana. In addition, a new factory for the production of electrical products is planned to open in Columbus in 2026.
To optimize production processes, investments of $50 million were allocated for production facilities in Greene (New York) and Muscatine (Iowa).
With annual revenue of over $6 billion, TMHNA includes 16,000 employees and 300 dealers, as well as solution development and technical support centers for Toyota and Raymond customers in North America.
Toyota, which has 230 facilities in North America with access to a range of handling equipment, has acquired Raymond Corp. in 2001. One in three forklifts sold in North America is a Toyota or Raymond product.
Toyota Material Handling is an American subsidiary of Toyota Industries that manufactures forklifts, reach trucks, pallet jacks, container handling devices, automated vehicles, etc. The headquarters is located in Columbus, Indiana.
Raymond is an American subsidiary of Toyota Industries that manufactures handling equipment and intelligent solutions. The headquarters is located in Greene, New York.
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