Under the leadership of new president Michael Militello, Waltco Hydraulic Liftgates is preparing to merge with Ultron Lift Corporation. Both liftgate companies are members of the Hiab Division of the Cargotec Corp. Militello also serves as president of Ultron Lift, which was acquired by Cargotec in March 2008.
“Waltco is a leader in the US liftgate market, while Ultron Lift Corp is a leader in Canada. A unified company will create a dominant North American presence,” said Militello.
The new company will continue as Waltco Lift Corp. Plans call for a combined product line, based on the products that provide the highest value to the customer. Merging the two companies will also result in a more comprehensive sales and support network throughout North America.
The new company will be headquartered in Tallmadge OH at the site of Waltco's current headquarters. Manufacturing will continue at Waltco's Tallmadge facility, as well as at Ultron's Buffalo NY plant.
A new corporate identity will emerge in the coming months, which combines the Waltco name with the red logotype used by the Hiab Division. Hiab has used this identity format to symbolize strength and stability since the mid-1950s.