Brazil’s Gerdau buys out Sumitomo Corp and JSW in Gerdau Summit
The transaction is expected to close in early 2025.
Rolling Meadows, Ill., — October 6, 2016 – Komatsu America Corp., a leading global heavy equipment manufacturer today announced the purchase of four branches of Road Machinery, LLC. that will become company-owned facilities under the Komatsu Southwest banner.
The four locations, El Paso, TX; Carlsbad, NM; Albuquerque, NM; and Farmington, NM; will support Komatsu’s long-term strategic plans to grow and strengthen the distribution channel. Komatsu America purchased the locations from Arizona-based Road Machinery, LLC in a deal that closed yesterday, October 5, 2016. No other transaction terms will be disclosed.
“We will more than double the investment in equipment, tooling and training at these locations,” said Rod Schrader, CEO, Komatsu America. “We see this as an opportunity to improve the linkage of our customers to our factory experts with added customer support and responsiveness,” Schrader said.
Komatsu America Corp. is a U.S. subsidiary of Komatsu Ltd., the world’s second largest manufacturer and supplier of earth-moving equipment, consisting of construction, mining and compact construction equipment. Komatsu America also serves the forklift and forestry markets. Through its distributor network, Komatsu offers a state-of-the-art parts and service program to support its equipment. Komatsu has proudly provided high-quality reliable products for nearly a century. Visit the website at www.komatsuamerica.com for more information.
Komatsu® is an authorized trademark of Komatsu Ltd. Komatsu America Corp. is an authorized licensee of Komatsu Ltd. All other trademarks and service marks used herein are the property of Komatsu Ltd., Komatsu America Corp., or their respective owners or licensees.
