NACCO Industries Inc. operates within the diversified industrials sector, focusing on niche markets. The company is primarily engaged in the manufacturing and sale of specialized industrial products. Its core business segments include the production of forklifts, through its Hyster-Yale Materials Handling segment, a global leader in the design, manufacture, and sale of lift trucks. Additionally, NACCO manufactures and markets premium consumer appliances under the Hamilton Beach Brands Inc. umbrella, offering a range of kitchen electrics, housewares, and personal care products. Another key segment involves engineered solutions, providing custom-engineered products and services for various industrial applications. NACCO's strategy emphasizes strong brand recognition and operational efficiency within its chosen markets, aiming for leadership positions in each segment. The company's diversified portfolio allows it to serve a broad customer base across multiple industries.
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