Daifuku Webb Holding Company to acquire Wynright Corporation
Under the agreement, Wynright will operate as a wholly-owned subsidiary of Daifuku Webb.
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Daifuku Webb Holding Company, a subsidiary of Daifuku Co., Ltd., and Wynright Corporation announced today that they have reached a definitive agreement for Daifuku Webb to acquire privately-owned Wynright.
Under the agreement, Wynright will operate as a wholly-owned subsidiary of Daifuku Webb. The acquisition is expected to be completed in the fourth quarter of 2013. Wynright is a U.S.-based provider of intelligent material handling systems, including leading-edge conveyor and sortation systems, voice- and light-directed order fulfillment technology, a suite of warehouse controls and execution software, robotics, mezzanines, and structures.
“The acquisition of Wynright will strengthen our business in North America and greatly improve the services and products we offer our customers, which is always our focus,” said Brian Stewart, chairman, president and CEO of Daifuku Webb Holding Company. “We have worked together with Wynright on several projects and have great respect for their expertise in designing, manufacturing, integrating and installing intralogistics solutions that are helping some of the world’s largest and fastest-growing companies.”
Wynright is headquartered in Elk Grove Village, Ill., just outside Chicago, and has regional offices and manufacturing locations throughout the U.S.
The acquisition of Wynright fits into Daifuku’s new corporate management plan, Value Innovation 2017, which started in April 2013. The plan outlines the company’s goals of increasing sales and operating margin, as well as enhancing its role as a true value innovator that provides the best solutions for its customers.
Representative comments on Daifuku Webb Holding Company’s planned acquisition of Wynright Corp.
Transaction to close before the end of the year.
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