Friday, September 04, 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

Acquistions from the buyer's perspective

Jim Huston’s summer brainstorming session focused on the ups and downs of buying companies and also included an inside look at one of L&L’s Top 100 companies.

JDL acquires Tieco

The irrigation company has six locations in Alabama and Florida.

Judge blocks EPA rule

President Obama's push would have extended clean water rules to ditches and small streams.

Plantscapers acquires company

Along with expanding into the Palm Springs region, the company also launched a new website.

Take stock of seeds

Grass prices have stabilized and should stay steady.

x