Nov 02, 2012

Daifuku Group Completes Acquisition of Elite Line Services, LLC

November 2, 2012

Osaka, Japan – Daifuku Co., Ltd. announced today that its wholly owned U.S.-based subsidiary Daifuku Webb Holding Company completed the purchase of all equity of Elite Line Services, LLC (ELS) from G&T Conveyor Company, Inc. ELS will operate as a subsidiary of Daifuku Webb within the Daifuku Group.

ELS has more than 800 employees who will continue to provide operations and maintenance support for baggage handling systems, passenger boarding bridges, vehicle fleet and ground support equipment at airports. It will also continue to be headquartered in Carrollton, Texas.

"ELS will help the Daifuku Group take a big step toward increasing our baggage handling business by allowing us to offer comprehensive support and maintenance," said Brian Stewart, President & Co-CEO of Daifuku Webb Holding Company.

"We are thrilled to be part of the Daifuku Webb team, who has worked hard over the years to earn a solid reputation in the airport baggage handling industry," said Mike Conner, Vice President General Manager of ELS. "We are looking forward to sharing resources and improving our service to customers."

G&T is majority owned by Brynwood Partners IV L.P., a private equity fund.

Daifuku Webb Holding Company

About Daifuku Co., Ltd.
Daifuku Co., Ltd. is the world's top manufacturer and supplier of automated material handling systems and software to the automotive, semiconductor and LCD equipment, and general industry markets. Daifuku is headquartered in Osaka, Japan, with sales and service offices throughout the world. The Company was founded in 1937.

About Daifuku Webb Holding Company
Daifuku Webb Holding Company, a subsidiary of Daifuku Co., Ltd., is a leading developer of innovative material handling technology such as Automatic Guided Vehicles (AGVs), conveyors, baggage handling systems, bulk handling systems and Automated Storage and Retrieval Systems (AS/RSs). Daifuku Webb specializes in the design, engineering, installation and support of integrated systems used in the automotive, airport, food/beverage, bulk handling, warehousing and manufacturing industries. Daifuku Webb is headquartered in Farmington Hills, MI., with manufacturing locations throughout North America.

About G&T Conveyor Company, Inc.
G&T Conveyor Company, Inc. is the largest privately held turnkey baggage handling systems manufacturer in the United States. G&T is headquartered in Tavares, Florida and is the parent company of The Horsley Company (Salt Lake City, UT) and Star Systems (Carrollton, TX). G&T is majority owned by Brynwood Partners IV L.P., a private equity firm based in Greenwich, Connecticut.

Sarah Carlson
U.S.A. (248) 553-1000 ext. 1311