Wednesday, July 23, 2014

Home News Case sells interest in LBX Company

Case sells interest in LBX Company

Supplier News

LBX is now wholly owned by the Japanese company Sumitomo Construction Machinery.

| May 14, 2010

 
RACINE, Wis. – Case Construction Equipment will sell its interest in LBX Company LLC to S.C.M. (America), Inc., an affiliate of Sumitomo (S.H.I.) Construction Machinery Co., LTD. As a result of this transaction, LBX is now wholly owned by Sumitomo.
 
“The decision to sell our interest in LBX is a continuation of the strategy we began in 2009 to consolidate back office brand management and streamline our industrial footprint,” says Jim McCullough, CEO and president of CNH Construction.  “This allows CNH to concentrate efforts on our key construction brands and strengthen the foundation for our brands continued growth as we continue to take advantage of market opportunities.”
 
The existing global supply alliance between SCM and CNH Global will remain intact.

 

Top news

Catch and release

A Texas design/build company takes the lead with rainwater harvesting systems.

LCIS partners up with The Harvest Group

The strategic alliance combines two consulting firms.

The Grounds Guys add new franchises

The company has added 16 new franchises in the 2nd quarter alone.

American Arborist Supplies sells bamboo product

Bamboo Blocker is used to manage bamboo and prevent it from spreading.

California imposing mandatory water restrictions

Under the new regulations, nurseries in some districts will only be permitted to water between midnight and 6 a.m.