Clark Buys Electric Vehicle Maker

Posted on October 8, 2012

Clark Material Handling Co., the Lexington, Ken.-based manufacturer of engine-powered and electrical forklifts, pallet trucks, electric riders and stackers, announced that it has acquired EverGreen Electric Vehicles, Grand Junction, Colo. Financial terms were not disclosed.

In a statement, Clark said the acquisition expands Clark's product lines to include industrial vehicles, utility vehicles and golf cars. EverGreen manufacturers a broad range of electric vehicles, including street legal machines, golf and recreational products and commercial and industrial units.

"Industrial vehicles are a market segment many of our dealers already participate in, and EverGreen's addition will only strengthen the position of many of our dealers in their specific territories," Clark CEO Dennis Lawrence said in a statement.