Columbus based Toyota Industries North America is announcing that it has finished the acquisition of Indiana forklift company Hoist Liftruck Mfg of East Chicago.

Hoist Liftruck has a half million square-foot factory in northern Indiana and has nearly 25 years of experience manufacturing heavy-duty cushion tire and pneumatic forklifts, reach stackers, container handlers and associated equipment.

The agreement for the company was announced in February. Toyota has had and agreement with Hoist for the manufacture of large-capacity forklifts under the Toyota brand since 2015.

The name of the new company is Hoist Material Handling, Inc., and it will be managed directly by Toyota Material Handling USA in Columbus.