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Toyota Industries to acquire Cascade for £470m

12 December 2012

Toyota Industries and Cascade Corporation have entered into an agreement under which Toyota will buy Cascade in a deal worth $759 million (£470m).

Toyota Industries and Cascade Corporation have entered into an agreement under which Toyota will buy Cascade in a deal worth $759 million (£470m). Cascade is a leading international manufacturer and distributor of materials handling attachments and replacement parts for the lift truck and construction industries worldwide.

Under the terms of the transaction, Cascade will become a wholly owned subsidiary of TICO.
 
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