Toyota Material Handling, The Raymond Corporation to Become One Organization

Toyota Material Handling and The Raymond Corporation – two leading providers of material handling solutions – will formally integrate into one company under the name Toyota Material Handling North America (TMHNA), effective April 1.

TMHNA announced its commitment to maintaining unique brand identities for both Raymond and Toyota in the marketplace, striving to preserve and enhance its customer relationships.

Toyota acquired The Raymond Corporation in 2001. This unification will allow TMHNA to leverage the unique strengths of both organizations to be more efficient for the benefit of both Toyota and Raymond customers.

The organization will integrate both the Toyota and Raymond president responsibilities into TMHNA, which will be led by President & CEO Brett Wood. Wood, a respected leader in the material handling industry, also serves as a Senior Executive Officer for TMHNA’s parent company Toyota Industries Corporation (TICO).

Current Toyota Material Handling President & CEO Bill Finerty will formally retire at the end of March. Michael Field, the current President & CEO of The Raymond Corporation, will become TMHNA’s Chief Operations Officer (COO).

This integration will not result in layoffs. In fact, TMHNA plans to invest even more in its people to accelerate growth. One in three forklifts sold in North America is either a Toyota or Raymond product.

TMHNA builds its products at four main manufacturing plants – in Columbus, Indiana; Greene, New York; Muscatine, Iowa; and East Chicago, Indiana (Toyota Heavy Duty Division). Late last year, the company broke ground on a new 295,000 square-foot factory across the street from its existing North American headquarters in Columbus. The new factory, which will focus specifically on producing electric products to drive down lead times, is scheduled to open in 2026.

To optimize manufacturing processes, a $50 million investment to building, infrastructure and equipment elevated operations in Greene, New York, and Muscatine, Iowa manufacturing facilities.

For more information, visit https://www.toyotaforklift.com.