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Clark Equipment Company company history timeline

1916

In 1916 he merged Rich Manufacturing, which by then had been renamed Celfor Tool, and Buchanan Electric Steel Company, an offshoot of the former, and formed Clark Equipment Company, named after Clark.

1919

In 1919 a division called Clark Tructractor Company was formed.

1927

In 1927 all of the features were combined to create the lift truck.

In 1927 Clark began producing transmissions for one of its axle customers.

1928

In 1928 Clark achieved sales of nearly $12 million and net revenue of ten percent.

1931

Clark reported its first operating losses in more than 20 years in 1931.

1934

Clark developed the Auto-Tram prototype, a fast, aluminum rail car, for the 1934 World's Fair.

1943

By 1943 sales were $77 million, up from $12.5 million four years earlier.

1945

However, because of wartime production demands for Carloader and Clarktors, they were not put into full production until 1945.

1948

Clark Equipment was established in 1948 as a manufacturing licensee of Clark Equipment Company of the United States.

1952

By 1952, the licensee was re-named Ruhr Intrans Hubstapler and located in Mulheim when it started shipping Clark fork lift trucks into the European market.

1953

In 1953 Clark acquired Ross Carrier Company, a local manufacturer of large lift trucks, straddle carriers, and cable cranes.

In 1953 it purchased the Michigan Power Shovel Co and developed a new division dedicated to large scale earthmoving equipment.

1954

In 1954, Clark Equipment opened a plant in Valinhos, Brazil, to produce gears and truck transmissions for the South American Market.

1958

By 1958, Michigan brand sales were $50 million.

1959

In 1959 Clark acquired Brown Truck Trailer, through which it entered the highway trailer business.

1964

Like the Carloader and Utilitruc models, the Clipper was manufactured until 1964.

1966

Further notable acquisitions included Hancock Manufacturing Company from Lubbock, Texas, in 1966, which manufactured scraper bowls.

1969

Also in 1969 Clark acquired the Melroe line of skid-steer loaders and agricultural products.

1982

In 1982 the company sold its wheel loader and dozer division to Volvo.

1990

Also in 1990, management purchased a controlling interest in Hurth Axle S.p.A., an Italian manufacturer and distributor of off-highway axles.

In 1990 Clark sold its finance subsidiary in France, liquidated its finance operations in the Netherlands, and divested all other non-operating finance holding and insurance companies.

Fork lift sales provided 44 percent of Clark's revenues but only 12 percent of its profits in 1990.

1992

At the end of 1992, Clark owned 91.6 percent of Hurth's stock.

As sales and margins continued to fall, Clark sold its material handling subsidiary to Terex Corporation in 1992.

Despite the continued soft world economies, Clark reported a net profit in 1992, due in large part from its $20.2 million profit from its non-joint venture concerns.

1995

The Brazilian plant still was leader for mechanical transmissions until 1995 when was sold to Eaton Corporation.

In 1995, Clark was acquired by Ingersoll Rand.

2000

Clark fork lifts in the C500 line ranged from 2000 pound capacity models for warehousing use to large 80,000 pound capacity models for steel fabrication.

2007

In 2007, Ingersoll Rand sold Clark Equipment Company to Doosan International of South Korea.

2017

Along with the introduction of the new Ford 2.5L LPG 4-cylinder engine, a special “Centennial Edition” custom paint and decal package was standard on all C20/C35 lift trucks throughout 2017, commemorating 100 years.

2018

2018 CLARK opens new Research and Development center including test laboratory and prototype build shop.

2019

2019 – CLARK opens its product certification course.

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Founded
1916
Company founded
Headquarters
West Fargo, ND
Company headquarter
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Metso1999$3.9B15,0001
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