Thursday, May 28, 2015

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

A conversation with the Top 100

Leaders from the Top 100 discuss the biggest challenges facing their companies and how they’re solving them. Turns out, their solutions work for landscapers of any size.

The great fertilizer debate

Consider these factors when choosing between granular and liquid products to achieve that lush lawn your customers desire.

No-shows to show-offs

After a miserable few years, David Alexander talks with Lawn & Landscape about what he and his team had to do to improve the operations and company morale at TruGreen.

Exmark unveils Vantage S-Series Propane rider

New Kohler EFI propane powerplant can reduce fuel expenditures by up to 40 percent.

Green industry pioneer Matt Shooner passes away

The founder of Focal Point Communications sought to grow the industry.

x