Lexington, KY-October 4, 2012- CLARK Material Handling Company (CLARK) today announced it has completed its purchase of EverGreen Electric Vehicles, LLC (EverGreen). This acquisition immediately expands CLARK’s global markets to include industrial vehicles, utility vehicles (UTVs) and golf cars. With this transaction CLARK acquires an established electric car product line-up, full manufacturing facility and proven sales and marketing team.
Dennis Lawrence, President and CEO of CLARK expressed his thanks to everyone involved in this transaction. “I want to welcome the EverGreen team to the CLARK family. Their product offering complements our existing product line. 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.” Keith Andrews, a founding member of EverGreen commented, “I believe this strategic sale of EverGreen to CLARK will significantly benefit both organizations. CLARK brings remarkable resources including purchasing, engineering and financial strength to bear on our mutual behalf. We could not be happier for our end users and employees.”
The sales, marketing and distribution plan for industrial vehicles will be rolled out to the marketplace over the next 90 days. In addition to industrial vehicles typically found in warehousing, distribution and manufacturing CLARK now offers a line of electric powered personal transport vehicles and utility cars for on/off pavement applications. These products represent proven incremental sales opportunities (both new equipment and aftermarket parts) for CLARK and EverGreen authorized dealers.
