Aug 15, 2013

Daifuku Group to Acquire Wynright Corporation

August 15, 2013

Osaka, Japan – Daifuku Co., Ltd. (Daifuku) announced today that its wholly-owned U.S.-based subsidiary Daifuku Webb Holding Company (Daifuku Webb) has reached a definitive agreement with privately-owned Wynright Corporation (Wynright) to acquire Wynright. Under the agreement, Wynright will operate as a wholly-owned subsidiary of Daifuku Webb. The acquisition is expected to be completed by the end 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, 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, Illinois, 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.

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), Automated Storage and Retrieval Systems (AS/RSs), conveyors, baggage handling systems, bulk handling systems, cleanroom systems and airport maintenance services. It includes Daifuku America Corporation, Jervis B. Webb Company, Elite Line Services, LLC and Logan Teleflex, Inc. Daifuku Webb specializes in the design, engineering, manufacturing, installation and service of integrated systems used in the automotive, airport, semiconductor, LCD equipment, food/beverage, bulk, warehousing and manufacturing industries. Daifuku Webb is headquartered in Farmington Hills, Michigan, with manufacturing locations throughout North America.

About Wynright Corporation
Wynright Corporation is the nation’s leading independent, U.S.-based provider of intelligent material handling systems. With more than 200 engineers in-house, the company designs, manufactures, integrates and installs a full spectrum of intralogistics solutions, offering both Wynright-branded and third-party equipment to meet customer needs. These include leading-edge conveyor and sortation systems, voice- and light-directed order fulfillment equipment, a suite of warehouse controls & execution software, robotics, mezzanines, and structures, all backed by critical round-the-clock service and support.

Since its founding in 1972, Wynright has been a trusted partner to some of the world’s largest and fastest-growing companies, showing them how to use their space more efficiently to deliver improved productivity, today and tomorrow.