March 13, 2009
Bristol, PA headquartered Modern Group, one of the nation’s largest material handling and construction equipment distributors, announced the signing of a letter of intent to acquire assets of Philadelphia based Fred Hill and Son Company. Fred Hill and Son Co., established in 1894, have a 115-year history in material handling solutions.
“We are thrilled to join forces with Fred Hill and Son Co., a company with a legacy of excellence in material handling. They will represent a strong addition to our existing material handling offerings. This supplements our existing Hyster forklift relationship with additional material handling products and services”, said Dave Griffith, Modern Group, President and CEO.
“I’m excited about the opportunity that joining the Modern organization represents”, said Ken Shaw III, President, Fred Hill and Son Co. “Modern, like Fred Hill and Son Co., has a long history and excellent reputation in the material handling business. We are highly compatible organizations and we will succeed to an even greater degree operating within the Modern organization”, he added.
Founded in 1946, Modern Group, a 100% employee owned company, ranks among the largest independent material handling and construction equipment distributors in the nation, representing more than 400 product lines. A market leader, Modern Group’s companies provide sales, leasing, short-term rental, service, parts, training and financing solutions. Modern employs more than 450 people at its locations in Pennsylvania, New Jersey, Delaware and Maryland.