Terex Corporation has completed the sale of Capacity Trucks and LayMor to Right Lane Industries, a private industrial holding company that specializes in corporate carve-outs and long-term ownership of industrial businesses. Financial terms were not disclosed.
Both manufacturers are headquartered in Longview, Texas. Capacity produces terminal tractors used in ports, rail terminals and distribution centers. LayMor manufactures ride-on sweepers for construction, rental, industrial and municipal applications.
Under the agreement, both companies will continue operating independently under their existing brands, with current management teams and employees remaining in place. Terex will provide transitional support following the sale.
The source describes the transaction as reflecting continued portfolio realignment among major equipment manufacturers as specialized industrial investors acquire established, non-core equipment brands. It also states that independent ownership could create opportunities for Capacity and LayMor in more focused investment, product development and dealer network expansion.