Hyster-Yale Materials Handling, Inc., founded in 1991 and headquartered in Cleveland, Ohio, designs, builds, and services lift trucks and material-handling equipment under the Hyster and Yale brands. Spun off from NACCO Industries in 2012, it operates worldwide, with subsidiaries such as Bolzoni S.p.A. (attachments) and Nuvera Fuel Cells, LLC (hydrogen fuel cells). In India, Hyster-Yale Lift Trucks India Pvt. Ltd., based in Pune, handles sales and service, supported by a global shared-service office and plans for local manufacturing.