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                                                                   EXHIBIT 23.2


                       CONSENT OF INDEPENDENT ACCOUNTANTS



We hereby consent to the use in the Prospectus constituting part of this
Registration Statement on Form S-4 of our report dated March 22, 1996, relating
to the combined financial statements of Terex Corporation's material handling
business ("Clark Material Handling"), which appears in such Prospectus. We also
consent to the application of such report to the Financial Statement Schedule
for the three years ended December 31, 1995 listed under Item 21(b) of this
Registration Statement when such schedule is read in conjunction with the
financial statements referred to in our report. The audit referred to in such
report also included this schedule. We also consent to the reference to us under
the heading "Experts" in such Prospectus.


   
                                        /s/ PRICE WATERHOUSE LLP
    


Price Waterhouse LLP
Stamford, CT
   
February 6, 1997