Hyster-Yale Group, Inc. is an American manufacturing company specializing in forklift trucks and other material handling equipment. The company was founded in 2012 as a spin-off from NACCO Industries, Inc. and is headquartered in Mayfield Heights, Ohio. Hyster-Yale Group, Inc. operates through two segments: the Americas and the rest of the world. The Americas segment designs, engineers, manufactures, sells, and services a comprehensive line of lift trucks and aftermarket parts marketed globally primarily under the Hyster and Yale brand names. The rest of the world segment designs, engineers, manufactures, sells, and services lift trucks, integrated systems, and aftermarket parts marketed globally under the Hyster and Yale brand names, and also sells products under the UTILEV brand name.