Buffeted by a weak economy and reduced demand for forklifts, Clark had sought bankruptcy. That has now ended, says Clark president and COO, Brian C. Butler. “With Young An’s purchase of Clark’s Asian operations, our business reorganization plan is complete.
Young An Hat Co. is the world’s largest hat manufacturer, with other holdings in specialty truck and bus manufacturing, farm equipment, automobiles, and hotels. Clark will manufacture in a state-of-the-art production facility in Korea.