MAT Holdings, Inc., through its subsidiaries, manufactures and supplies lawn, garden, home and farm, power equipment, building supplies, home decor, and automotive products. It offers chain links, agricultural and residential wires, and plastic fencing products; accessories and décor for lawn, garden, and home; building supplies; and product merchandisers and point-of-purchase materials. The company also provides brake rotors, drums, friction components, hydraulic pump parts, high voltage line connectors, and precision machined components for off-road and heavy duty equipment; and brake pads, shoes, plates, and shims. In addition, it offers air compressors, pneumatic driven air tools, power ...
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Long Grove, IL 60047
Founded in 1984
Power Solutions International, Inc. and MAT Holdings, Inc. Announce Joint Venture
Dec 17 12
Power Solutions International, Inc. announced joint venture with MAT Holdings, Inc. The partnership will allow the companies to support PSI's existing customers in Asia and better serve that region's growing market for natural gas-, propane-, and gasoline-fueled engines. The joint venture will draw on relationships that both companies have already established in the region. PSI sells a large number of engines to customers based in Asia, and the MAT family of companies manufactures in multiple worldwide locations including China, Vietnam, and India. The joint venture will utilize MAT's extensive network of Asian vendors and contacts to establish a Chinese business based on PSI's innovative cleantech engine line up. PSI currently supplies engines to Chinese forklift manufacturers and other material-handling equipment manufacturers from its US base of operations. According to Eric Cohen, PSI's Chief Operating Officer, PSI's customers collectively comprise more than 50% of China's forklift market, having collected combined revenue of over $1.3 billion in 2011. China accounts for over 70% of the Asian forklift market and is reported to be the forklift market in the world with sales exceeding 300,000 units per year. The joint venture will begin by supplying 2.0 liter and 2.4 liter engines to PSI's material-handling customers based in China. The ultimate plan for the new company is to supply throughout Asia alternative-fuel engines and power systems suited to a wide variety of applications.