Home Must Reads Toyota buys Oregon forklift attachment manufacturer

Toyota buys Oregon forklift attachment manufacturer

| Print |  Email
Must Reads
Tuesday, October 23, 2012

Toyota Industries acquired Fairview-based forklift attachment manufacturer Cascade Corporation for $759 million.

Cascade was founded in 1943 when five Esco investors put up $1,500 each to start a machine shop. They hired Robert Warren Sr., the son-in law of Ernest Swigert, to run the company. Swigert's grandson, Robert Warren Jr., 64, is president and chief executive of the company today, and will continue in his position after the transaction closes, the companies said.

Warren said Monday that Cascade, which employs 1,900 worldwide, including 220 in Portland, would become a wholly-owned subsidiary of Toyota, but that customers would notice little difference in day-to-day operations.

"We plan to remain Cascade Corp., based here in Portland, with our current products, policies and customers," he said. "They have asked us to stay around for a number of years. Hopefully we'll be able to lead this company through the transition and into some of the growth prospects that we see as a result of this transaction."

Read more at OregonLive.com.

{biztweet}toyota cascade{/biztweet}

 

More Articles

Gone Girl

News
Monday, September 29, 2014
roundup-logo-thumb-14BY LINDA BAKER | OB EDITOR

Wehby disappears, Kitzhaber fails to disclose and Seattle gets bike share before Portland.


Read more...

100 Best Nonprofits announced

News
Thursday, October 02, 2014

100NP14logo4WebOregon Business magazine has named the sixth annual 100 Best Nonprofits to Work for in Oregon.


Read more...

Fast Food Slows Down

September 2014
Tuesday, August 26, 2014
BY KIM MOORE

The ubiquitous fast-food restaurant may be on the decline.


Read more...

College Hacker

September 2014
Wednesday, August 27, 2014
BY KLINT FINLEY

Treehouse CEO Ryan Carson builds a 21st-century trade school.


Read more...

Podcast: Turn Things Around with David Marquet

Contributed Blogs
Friday, October 17, 2014
davidmarquet thumbBY TOM COX | OB BLOGGER

How can you move from a command-and-control leadership model to one of true empowerment and accountability? David Marquet did, and he took notes along the way.


Read more...

Shipping News

September 2014
Tuesday, August 26, 2014
BY JENNIFER MARGULIS

In 2012 The Dalles, a city of some 14,400 located 75 miles east of Portland and often seen as the poor cousin to adjacent Hood River, completed a massive project to revitalize its dock.


Read more...

Knight Vision

October 2014
Thursday, September 25, 2014
BY VIVIAN MCINERNY

Travis Knight wants to release a movie a year. Can he pull it off?


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS