Decoding the Ownership Mystery- Who Really Owns the Crown Forklifts Empire-
Who owns Crown Forklifts? This question often arises among those who are interested in the history and ownership of one of the leading manufacturers of forklifts and material handling equipment. Crown Equipment Corporation, the company behind the renowned Crown Forklifts brand, has a fascinating story of growth and evolution, reflecting the dynamic nature of the material handling industry.
Crown Equipment Corporation was founded in 1945 by Donald E. Frank in Jackson, Michigan. Initially, the company focused on manufacturing agricultural equipment. However, it wasn’t long before the company expanded its product line to include forklifts, which quickly became its mainstay. Today, Crown Forklifts is recognized globally for its innovative and high-quality material handling solutions.
The ownership of Crown Forklifts has seen several changes over the years. In 1981, Donald E. Frank’s son, Donald E. Frank Jr., took over the company’s leadership. Under his guidance, Crown Equipment Corporation continued to grow and establish itself as a market leader in the forklift industry. In 1996, the company went public, further solidifying its position in the market.
In 2003, Ingersoll-Rand, a diversified industrial company, acquired Crown Equipment Corporation. This acquisition marked a significant milestone in the company’s history, as it brought together two industry giants. Ingersoll-Rand’s extensive portfolio of products and services complemented Crown’s offerings, enabling the company to expand its market reach and strengthen its position in the global material handling industry.
In 2016, Ingersoll-Rand was acquired by Trane Technologies, a global climate company. This new parent company has continued to support Crown Equipment Corporation’s growth and innovation. As a part of Trane Technologies, Crown Forklifts has access to additional resources and expertise, which helps it to remain at the forefront of the forklift industry.
Today, Crown Forklifts is a well-respected and trusted brand in the material handling industry. The company’s commitment to quality, innovation, and customer satisfaction has earned it a loyal customer base and a reputation for excellence. While the ownership of Crown Forklifts has changed over the years, its core values and dedication to its customers remain unchanged.
In conclusion, Crown Forklifts is owned by Trane Technologies, a global climate company that acquired Ingersoll-Rand, which had previously acquired Crown Equipment Corporation. Despite these changes, the company continues to thrive and evolve, delivering top-notch material handling solutions to customers worldwide.
