In 2014, Aaron Jones was appointed President of Bastian Solutions, a role that he will maintain through the transition. No management changes at the company are planned as a result of the deal. Our team of associates is proud to have built a systems integration platform upon which further investments are made in the context of TICO’s broader North American strategy.”īill Bastian II is expected to remain CEO of Bastian Solutions, which has a history dating back to 1952. “We expect this combination will benefit customers and expand our business by leveraging TICO’s financial strength and its status as the global leader in material handling. “TICO’s values are perfectly aligned with ours and we look forward to a strong partnership,” said Bastian Solutions CEO Bill Bastian II. “TICO’s current strength in material handling and its long-term strategic vision, combined with Bastian Solutions’ prominence as an innovation leader, will position TALS to address customers’ mission critical needs in ways that are unmatched in the industry.” “TICO chose Bastian Solutions as its first acquisition in this space because Bastian Solutions is a highly respected, solutions oriented systems integrator, positioned as a trusted advisor to the world’s most demanding customers,” noted Mike Romano, who will lead the newly established North American division. Romano will resign from Associated concurrent with assuming his new role, effective April 3rd, 2017. Romano has 30 years of management experience, including leadership as President & CEO of Associated Integrated Supply Chain Solutions (“Associated”), a leading industry supplier in the Chicago area. Mike Romano is appointed President & CEO of Toyota Advanced Logistics Solutions. In order to formalize the management framework for Toyota Advanced Logistics Solutions, the following executive leadership appointment is announced: Bastian Solutions will be the first group company in the TALS operative structure, until further plans for strategic growth are announced. TICO is also pleased to announce the acquisition of Bastian Solutions, LLC, a leading systems integrator with regional US operations and presence in strategically significant international markets. TALS shall be operated separately from the forklift business, except for coordination in strategic areas as appropriate. To align with market changes and customer needs, TICO has created a new business division to manage North American activities in the area of logistics solutions named “Toyota Advanced Logistics Solutions” (TALS). INDIANAPOLIS, IN - (February 2nd, 2017) - Toyota Industries Corporation (“TICO”) recognizes the changing dynamics in the North American material handling market related to e-commerce, labor cost and productivity requirements, which have created a permanent demand for new forms of logistics solutions, beyond forklifts.
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