Friday, October 31, 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

Toro to acquire BOSS

The $227 million-deal is expected to close in early 2015.

Get to the root of broadleaf weeds

Use these best practices to destroy perennial problems.

More toys

New products continued to be unveiled on the final day of GIE+EXPO.

A different sales method

Use social media to connect with potential customers.

TruGreen LandCare appoints CEO

Michael Bogan will succeed Vidu Kulkarni, effective Nov. 3.

x