Bastian Solutions and Toyota Advanced Logistics Company Profile: History and Ownership
Updated: Oct 15
Bastian Solutions is an American integrator of material handling automation, supply chain software, industrial controls and robotics. It was founded in 1952 and bought by Toyota Industries in 2017 for USD 260 million, becoming the core of Toyota's advanced logistics business in North America. This profile sets out its history and ownership.
Bastian Solutions at a Glance
Fact | Detail |
Company | Bastian Solutions |
Founded | 1952, by Elgan Stark |
Base | Indianapolis area, Indiana, USA; headquarters in Carmel |
Owner | Toyota Industries, since 2017 |
Purchase price | USD 260 million |
Division | Toyota Advanced Logistics |
Chief Executive Officer | Aaron Jones |
Company History
Elgan Stark founded the business in 1952. His son-in-law, Bill Bastian Sr., bought it in 1962, and it stayed in the Bastian family for more than half a century. By the time of its sale it had 589 employees, sales of about USD 225 million in 2016 and offices in several American cities and other countries.
Key milestones
1952: Founded.
1962: Bought by Bill Bastian Sr.
2017: Acquired by Toyota Industries for USD 260 million.
Later: Plans announced for a USD 130 million headquarters and manufacturing campus in Noblesville, Indiana.
Ownership
Toyota Industries Corporation, the Japanese industrial manufacturer that is separate from Toyota Motor, bought Bastian in 2017 and formed Toyota Advanced Logistics Solutions around it. At the time Bill Bastian II stayed on as chief executive with Aaron Jones as president; Aaron Jones now leads the company.
Bastian later announced a new corporate campus on 162 acres in Noblesville, Indiana, an investment of USD 130 million, to which about 400 employees would move and where 250 jobs would be added over five years.
Business
Material handling automation for warehouses and factories.
Supply chain software.
Industrial controls.
Robotics integration.
Can You Invest in Bastian Solutions?
Not directly. Its parent, Toyota Industries, is listed in Tokyo. This is general information, not investment advice.
Strengths and Challenges
Strengths
More than seventy years in material handling.
The backing of Toyota Industries.
A major investment in a new campus.
Challenges
Project business tied to warehouse investment cycles.
Many competing integrators in North America.
Bastian Solutions FAQ
Who owns Bastian Solutions?
Toyota Industries, which bought it in 2017 for USD 260 million.
When was Bastian Solutions founded?
In 1952, by Elgan Stark.
Where is Bastian Solutions based?
In the Indianapolis area of Indiana, with a new campus planned in Noblesville.
What does Bastian Solutions do?
It integrates material handling automation, supply chain software, industrial controls and robotics.
Who is the CEO of Bastian Solutions?
Aaron Jones.
