Sponsored by Oregon Business

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

How Oregon will survive the loss of Hanjin

March 2015
Friday, February 20, 2015
BY JOE CORTRIGHT | OB CONTRIBUTOR

"Shipping containers to Portland is like waiting for a bus that travels once a day."


Read more...

5 questions about the FLIR FX

The Latest
Wednesday, April 08, 2015
FLIR-FX-IndoorBY JACOB PALMER | DIGITAL NEWS EDITOR

The Wilsonville-based company is targeting GoPro enthusiasts with its latest release. Is spy gear poised to go mainstream?


Read more...

Umbrella Revolution

March 2015
Monday, February 23, 2015

Yeah, we know: Oregonians are way too cool for umbrellas. But today’s stylish, high-tech models will soften the resistance of the most rain hardened.


Read more...

How a Utah-based essential oils company cornered the Oregon market

March 2015
Friday, February 20, 2015
BY AMY MILSHTEIN | OB CONTRIBUTOR

Multilevel marketing, health claims and zyto scanner biofeedback machines: How dōTERRA thrives in Oregon. 


Read more...

The best crisis is the one you avoid

Contributed Blogs
Wednesday, April 15, 2015
crisisthumbBY GARY CONKLING | GUEST BLOGGER

Avoiding a crisis is a great way to burnish your reputation, increase brand loyalty and become a market leader.


Read more...

Power Players

April 2015
Friday, March 27, 2015
BY ROBERT MULLIN

A new energy-sharing agreement sparks concerns about independence and collaboration in the region's utility industry.


Read more...

All Rise

March 2015
Friday, February 20, 2015
BY AMY MILSHTEIN | OB CONTRIBUTOR

Don’t just sit there. For a healthy workplace, move up and down — and all around.


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