Dingli has increased its investment in MEC Aerial WorkPlatforms from 25% to almost 50%. The intention is for Dingli to acquire the remaining shares of MEC and assume full ownership of the company.
MEC and Dingli became manufacturing partners in 2016 and solidified the relationship with a minority ownership stake in 2018.
Since then, the synergies between the two companies have led to rapid growth and advances in innovation for the industry including the introduction of Micro Scissors, Leak Containment System and Xtra-Deck.
David White, MEC president, said Dingli’s manufacturing expertise and quality is world class and industry leading.
“We have had a great partnership, unlike any I’ve seen in my 40+ years in this industry and I am truly excited for our future together. Because we’ve been working together so long already, it is business as usual but elevated with greater synergies and working capital to achieve our mission of Better Solutions for this industry in safety and productivity,” White said.
Dingli Machinery is one of the top three global manufacturers of Mobile Elevating Work Platforms (MEWPs), with the highest degree of factory automation and realization of collaborative, green manufacturing.
White added, “The MEC team you have placed your confidence in will continue to bring innovation to the industry through carefully listening to your challenges. The joining of the strengths of each Company will only increase the availability of machines and faster accelerate the pace of innovation.”
According to MEC, the company will now expand its U.S based facilities with additional investment in a California based Research Center and an East Coast Parts Center.
“The MEC tradition of Great Products, Great People and Great Partnerships continues,” White said.
Lift & Access is part of the Catalyst Communications Network publication family.
