Oct 02, 2013

Daifuku Group Completes Acquisition of Wynright Corporation

October 2, 2013

Osaka, Japan - Daifuku Co., Ltd. announced today that its wholly-owned U.S.-based subsidiary Daifuku Webb Holding Company (Daifuku Webb) has completed the acquisition of Wynright Corporation (Wynright), which is headquartered in Elk Grove, Illinois. Wynright will operate as a wholly-owned subsidiary of Daifuku Webb. Wynright is a leading integrator and provider of intelligent material handling systems.

"Wynright's dedication to providing the best service and products to its customers will be a huge asset to the Daifuku Webb family," said Brian Stewart, President and CEO of Daifuku Webb Holding Company. "Daifuku has an enormous customer base for its highly-advanced Automated Storage and Retrieval Systems (AS/RSs) in Asia and Europe. This acquisition expands our warehousing and distribution business in North America by greatly improving the advanced technologies and services we offer our clients."

"We are excited to join Daifuku Webb and become part of the largest material handling company in the world," said Kevin Ambrose, CEO of Wynright. "Wynright now has a strong financial, technical and strategic partner, which will enable us to fortify our commitment of delivering exceptional materials handling solutions, as well as providing one of the industry's most respected product portfolios- including Daifuku's top selling AS/RS - to our expanding and broad range of clients."

Wynright designs, manufactures, integrates and installs a full-spectrum of warehouse and distribution center solutions, including conveyor and sortation systems, voice- and light-directed order fulfillment technology, a suite of warehouse controls and execution software, robotics, mezzanines, and structures. It 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.