The Raymond Corporation and Toyota Material Handling will be integrating into one company under the name, Toyota Material Handling North America, effective April 1. 

According to a press release, this unification will allow TMHNA to leverage the unique strengths of both organizations to be more efficient for the benefit of both Toyota and Raymond customers. 

The release specifies that this integration will not result in layoffs. They say TMHNA plans to invest more in its people to accelerate growth.

Current Toyota Material Handling President and CEO, Bill Finerty will retire at the end of March. TMHNA will then be led by Brett Wood, who currently serves as a Senior Executive of TMHNA's parent company, Toyota Industries Corporation. President and CEO of The Raymond Corporation, will then become TMHNA’s Chief Operations Officer.

“Our goal isn’t to reduce our workforce, but rather to bring together the strengths, resources, and talent from throughout our organizations,” said Wood. “Together, we will create a more dynamic, more resilient organization. We will continue to invest in the growth and development of all our associates.”