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 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.
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.