Skyjack

Skyjack Inc., a subsidiary Of Linamar Corp. (LNX, TSX), is a producer of serial line of material handling equipment. Skyjack comprises the majority of Linamar's industrial division, alongside a smaller subsidiary Care lift. Skyjack includes a line of self-propelled scissor lifts that are capable of achieving heights of 56 feet (17m), and a line of boom lifts that can reach as high as 71 feet (21m).

Skyjack History - Skyjack growth was rapid and has established a 30% share of the world's aerial lift market, Skyjack began with financial problems in the late 1990's. Skyjack had fuelled its growth by selling products to small equipment rental businesses. But many of these smaller companies ended up consolidating in the 90's. Result was fewer companies with more leverage than before. These companies have demanded cheap prices, which ate into Skyjacks profits and almost ended the company. In 2002 Skyjack was purchased by Linamar Corp. to provide financial aid and stability. At the time of the purchase, Linamar already owned 50 % of Skyjack. Skyjack has joined Linamar as part of an industrial division. In 2007 Linamar has bought another telehandler manufacturer: Carelift. Care lift joined Skyjack as a part of Linamar's industrial division. The purchase included care lift’s ZoomBoom brand of boom lifts. In 2008 Skyjack has acquired Volvo's Material Handling Equipment business. This purchase has complicated Skyjacks telehandler products, as well as adds rough terrain straight mast forklift to its product offerings.

The Company Today - Skyjacks headquarters are located in Guelph, Ontario. The company’s has had manufacturing facilities in Canada, the U.K., the U.S., Hungary, Singapore, Germany, Sweden and France. Linamar, which had sales over $2.2 billion in 2008, is now led by Linda Hasenfratz. Skyjacks current president is Ken McDougall.