Wednesday, October 22, 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

Scotts acquires structural pest control company

This is the first time Scotts has purchased a home pest control business.

Kubota enters skid-steer market

The two models, introduced at its national dealer day, will be available in May of 2015. The company also announced three new zero-turn models.

Shake your eight ball

We look at seven of the top concerns and trends facing landscapers as they face 2015.

Everyone makes mistakes

Watch this Harvester video to see industry leaders admit some of their mistakes.

New landscape irrigation sprinkler standard

ICC and ASABE announced the first ANSI standard to establish uniform testing procedures.

x