RICO AND HYSTER-YALE GROUP COLLABORATE WITH EX LIFT TRUCK

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Medina, Ohio—April 8, 2019 With more than 30 years of experience and expertise in the Explosion Proof (EX) lift truck market, RICO Manufacturing, Inc. (RICO) has aligned with Hyster-Yale Group, Inc. (HYG) to convert their 6,000 lbs. capacity electric counterbalance lift truck to a certified RICO EX model. Available in both Hyster® and Yale® versions, this conversion will emphasize a safe, quality vehicle with a quick turnaround.

EX forklift trucks are imperative in industries such as aerospace, automotive, chemical, petroleum, construction, food, pharmaceuticals and plastics with operating areas where lift trucks may be exposed to explosive gases and combustible dust. These potentially dangerous areas are determined by the Authority Having Jurisdiction, such as a Fire Marshal or an insurance company.

The RICO EX lift truck will further HYG dealers’ ability to provide an industry-focused solution tailored to these specific working environments. No strangers to working together, RICO and HYG collaborated in 2017 when Hyster® and Yale® dealers became exclusive distributors of the RICO Standard Pegasus Elite line of large-capacity, cushion-tire electric and internal-combustion counterbalance trucks.

“Although these two EX models are exclusive to Hyster® and Yale®, RICO continues to offer a full line of EX products to all dealers,” says Steve Shuck, President of RICO Manufacturing, Inc. “Our certified EX conversions have been developed for operation in Class 1 – Division 1 & 2 Group D (gas) and Class 2 – Division 1 & 2 Group G (dust) environments.”

As leaders in the material handling industry for many years, RICO Manufacturing is proud to be fabricators of the world’s finest specialty lift trucks with capacities up to 400,000 lbs. RICO offers an extensive line of products, including Quick Die Change carts, Counterbalance forklifts, Explosion Proof trucks and various custom built, engineered vehicles. RICO is also pleased to provide EX Recertification, Rental trucks and Certified Pre-Owned vehicles.

“We are excited to team up with Hyster-Yale Group to create a safe and reliable EX conversion for the sit-down models,” said Shuck. The collaborated EX forklift will be available April 2019 through Hyster® and Yale® dealers.

For more information about Explosion Proof vehicles and other innovative material handling solutions, visit www.RicoEquipment.com.

RICO Manufacturing, Inc., is a proud manufacturer of the world’s finest specialty lift trucks. RICO has pioneered the design, development and manufacturing of specialized lift trucks with capacities ranging from 1,000 to exceeding 400,000 lbs. RICO’s diverse and global customer base includes the industrial, military and commercial markets. For more information contact (330) 723-4050 or visit www.RicoEquipment.com.

Hyster-Yale Group, Inc., designs, engineers, manufactures, sells and services a comprehensive line of lift trucks and aftermarket parts marketed globally primarily under the Hyster® and Yale® brand names. Subsidiaries of Hyster-Yale Group include Nuvera Fuel Cells, LLC, an alternative-power technology company focused on fuel cell stacks and engines, and Bolzoni S.p.A., a leading worldwide producer of attachments, forks and lift tables marketed under the Bolzoni®, Auramo® and Meyer® brand names.  Hyster-Yale also has significant joint ventures in Japan (Sumitomo NACCO) and in China (Hyster-Yale Maximal).  Hyster-Yale Group, Inc. is a wholly owned subsidiary of Hyster-Yale Materials Handling, Inc. (NYSE:HY).  Hyster-Yale Materials Handling, Inc. and its subsidiaries, headquartered in Cleveland, Ohio, employ approximately 7,700 people worldwide.

Explosion Proof Vehicle Conversion