Saturday, December 20, 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

Ready for action

An organized, clean garage can inspire company-wide organization and make daily tasks easier and faster.

Follow the Kaizen system

These five principles will keep shops and trucks neat and tidy.

Ruppert Landscape provides park facelift

Company employees renovated Baltimore's Carroll Park in Oct.

Stay stocked

Here's an example of what to keep in your shop.

Expand your horizons

Here’s what you need to know about adding a biostimulant program to your service portfolio.

x