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

Blips and trends in the housing market

News
Thursday, June 26, 2014
062614 thumb realestateBY ERIC FRUTS | OB BLOGGER

Last year, the housing market in Oregon—and the U.S. as a whole—was blasting off. The Case-Shiller index of home prices ended the year 13% higher than at the beginning of the year. But, was last year a blip, or a trend?


Read more...

Updated: Disrupting innovation

News
Tuesday, July 08, 2014
070814 thumb disputive-innovationBY LINDA BAKER  | OB EDITOR

The New Yorker recently published a sharply worded critique of “disruptive innovation,” one of the most widely cited theories in the business world today. The article raises questions about the descriptive value of disruption and innovation  — whether the terms are mere buzzwords or actually explain today's extraordinarily complex and fast changing business environment. 

Update: We caught up with Portland's Thomas Thurston, who shared his data driven take on the disruption controversy.


Read more...

The Scott Kveton affair

News
Wednesday, July 09, 2014
ScottKvetonBY LINDA BAKER | OB EDITOR

Scott Kveton, the CEO of Urban Airship is taking a leave of absence from the company. As the story continues to unfold, here’s our perspective on a few of the key players.


Read more...

Green Endeavor cleans up

News
Wednesday, August 06, 2014
080614 ULnew greenendeavorBY LINDA BAKER | OB EDITOR

Portland startup Green Endeavor strikes gold, inking a partnership with Underwriters Laboratories, an Illinois-based consulting and certification company with offices in 46 countries.


Read more...

Is this employee right?

Contributed Blogs
Wednesday, August 13, 2014
081314 thumb employeefeelingsBY TOM COX | OB BLOGGER

When I say, “Your Employee is Always Right,” I do not mean “right about the facts,” but rather “right about how they feel” and “right about how they want to be led.”


Read more...

Risks & rewards of owning triple net investments

Contributed Blogs
Thursday, July 24, 2014
NNNinvestmentBY CLIFF HOCKLEY | OB GUEST CONTRIBUTOR

With the increasing retirements of Baby Boomers, a massive real estate shift has created a significant increase in demand for NNN properties. The result? Increased demand has triggered higher prices and lower yields.


Read more...

Oregon Business wins awards

News
Monday, June 30, 2014

ASBPEOregon Business magazine won two silver awards for excellence in writing in the National American Society of Business Publication Editors Western region competition.


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