August 2010 Vol. 65 No. 8
Business
LBX Acquired By Japanese Company
Sumitomo Construction Machinery Co., Ltd. (SCM), a leading manufacturer of hydraulic crawler excavators headquartered in Tokyo, Japan, has acquired full ownership of LBX Company (LBX) headquartered in Lexington, KY, from Case Construction Equipment.
LBX was originally formed as part of a global alliance between SCM and Case Corporation, and holds the manufacturing rights to SCM’s excavator products in North and Latin America. LBX has been marketing and selling Sumitomo excavators, forestry, material handling and demolition products under the Link-Belt excavator brand name since the company’s formation.
“This acquisition underscores SCM’s dedication to LBX and the Link-Belt excavator brand, and will contribute greatly to our success and expansion throughout North, South and Central America,” stated Robert Harvell, CEO of LBX Company. “Over the years, our long-term relationship with SCM has been built on a solid foundation of providing superior product quality, innovative designs and dedicated commitment to our dealer network and customers.”
The management team of LBX will remain in place. 859.245.3900, www.lbxco.com
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