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JLG Industries Inc.

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JLG Industries Inc. is the world’s leading manufacturer of construction access equipment including aerial work platforms and telehandlers. It produces articulating boom lifts, electrical boom lifts, mast boom lifts, trailer mounted boom lifts, telescopic boom lifts, electric scissorlifts, rough terrain scissorlifts, personal portable lifts, and stock pickers.

In December of 2006, JLG was acquired by Oshkosh Truck Corp., which is a leading manufacturer of specialty vehicles and vehicle bodies. Together, the two companies created a conglomerated business with $6 billion in revenue.[1] Oshkosh trades on the NYSE under the moniker OSK.

In its own portfolio, JLG includes the brands SkyTrak, Lull, and Gradall telehandlers. In 2007 JLG ranked No. 789 on the Fortune 500 list, and No. 28 amongst industrial and farm equipment manufacturers.[2] It registered 2007 revenues of $2.2 billion.[3]

Contents

[edit] History

[edit] Unsafe Practices Lead to Inspiration

JLG Industries Inc. was founded by the American inventor and industrialist John L. Grove. After having sold his previous company Grove Mfg. in 1967, Grove ventured on a road trip with his wife. During a stop at the Hoover Dam, Grove witnessed two workers electrocuted while working on scaffolding. Through this “tragic event” he saw a large untapped market for a product that could put workers in the air more safely to perform construction and maintenance tasks.[4]

[edit] The Aerial Work Platform

Grove returned from his trip, formed a partnership with two friends and bought a small metal fabrication business in McConnellsburg, Pennsylvania, named Fulton Industries, Inc. where they could begin designing prototypes. The new company was named JLG Industries Inc., and with the aid of 20 employees it released its first aerial work platform in 1970. The first machine had a boom reach of 27 feet (8.2 m) and when fully extended its work platform remained stable and horizontal.[5] These original boom lifts were equipped with tool carriers.

A large percentage of early sales were made to U.S. equipment rental companies who rented them to construction companies.

[edit] Expansion and Developments

Rapid growth and popularity of the aerial work platform allowed JLG to expand overseas. In 1977 they were able to establish a European presence by opening a facility in Scotland.

In 1979 JLG branched into the production of scissorlifts by establishing a new facility in Bedford, Pennsylvania. The first models were capable of reaching heights of 30 feet (9.1 m). The company then introduced oscillating axles into their lifts in 1981.

After further success JLG continued its expansion, into Asia and the Pacific Rim. It established a production facility in Port MacQuarie, Australia.

In the mid-1980s, JLG patented its articulating boom design under the “Extend-a-Reach” name, which “pushed JLG a step ahead of its competitors.” [6]

[edit] Remedying Financial Difficulties

The early 1990s would not be as favorable for JLG, with two years of consecutive losses. To battle its hardships it instituted continuous-flow manufacturing into its factories. It was also able to cut costs by cross training employees to operate various points of the assembly line. Its ideas to restructure production were viewed as revolutionary.

"JLG, along with companies like Danaher, Black & Decker, and Teleflex have gotten religion about lean production and continuous improvement techniques," said James C. Lucas, an analyst for the Central Penn Business Journal. "They continue to benefit as a major player in what we call 'the revolution occurring on the factory floor in America." [7]

By 1997, JLG had recovered, boasting net revenues of more than $500 million.[8] Two years later revenues reached $720 million and by the year 2000 revenues surpassed $1 billion.[9]

[edit] The Gradall Acquisition

Success during the late 1990s allowed JLG to move into the telehandler market by acquiring Gradall in 1999. The company was based in Orrville, Ohio. Gradall was originally known for producing hydraulic excavators, but in the early 1980s it expanded to rough terrain material handlers. Its products are designed for specialized excavation tasks including waste removal.

[edit] Enduring a Recession

JLG survived an economic recession between 2001 and 2003 by diversifying its offerings with a new facility in Belgium and raising $300 million in two separate bond offerings.[10] In fact in August 2003 JLG expanded its product line even further with the acquisition of Lull and SkyTrak brand telehandlers, along with telehandlers used primarily by the U.S. military.[11]

[edit] Further Growth and New Products

JLG continued its expansion in 2004 by acquiring Delta Manlift and Liftlux large scissorlift products.

In 2004, JLG also established customer service program they called “ServicePlus,” which offers a range of services including repairs, maintenance programs, parts and training.

JLG formed a global alliance with Caterpillar in 2005 to design and produce a line of Cat-branded telehandlers.

[edit] Sale of Gradall

In February 2006, JLG sold Gradall Industries to the Alamo Group, a manufacturer of agricultural and right-of-way maintenance equipment.

[edit] The Oshkosh Takeover

JLG Industries Inc. was acquired on December 6, 2006 by Oshkosh Truck Corp., which is a leading manufacturer of specialty vehicles and vehicle bodies. Together the two companies created a conglomerated business with $6 billion in revenue. [12]

[edit] The Company Today

JLG Industries Inc. is currently the world’s leading designer, manufacturer, and marketer of access equipment. It serves a wide variety of industries including agriculture and landscaping, aviation and aerospace, commercial and retail, entertainment, government and municipalities, heavy construction, industrial, institutional, military, warehouse and distribution.

JLG is an Oshkosh Corp. company. The company president is Craig E. Paylor.

[edit] Equipment List

[edit] References

  1. JLG. Monster. 2008-09-09.
  2. Fortune. Money CNN. 2008-09-09.
  3. Fortune. Money CNN. 2008-09-09.
  4. History. JLG. 2008-09-09.
  5. JLG. Monster. 2008-09-09.
  6. JLG. Funding Universe. 2008-09-09.
  7. JLG. Funding Universe. 2008-09-09.
  8. JLG. Funding Universe. 2008-09-09.
  9. JLG. Funding Universe. 2008-09-09.
  10. JLG. Monster. 2008-09-09.
  11. JLG. Monster. 2008-09-09.
  12. JLG. Monster. 2008-09-09.

[edit] External Links