Melroe is acquired by Clark Equickment Company
Sales top $25 million. Growing any larger requires Melroe brothers to either take their company public or find a buyer. In the end, they agree to sell to Clark Equipment Company of Buchanan, Michigan, a manufacturer of Clark forklifts, Michigan wheel loaders, road graders, axles and transmissions. Clark had tried and failed to build its own skid-steer loader, so buying Melroe is a logical alternate choice.