Top News Stories of 2016: Komatsu America Corp. Acquires Four Branches of Road Machinery
Komatsu America Corp., has purchased four branches of Road Machinery, LLC. The branches will become company-owned facilities under the Komatsu Southwest banner.
The four locations: El Paso, Texas; Carlsbad, N.M.; Albuquerque, N.M.; and Farmington, N.M. will support Komatsu’s long-term strategic plans to grow and strengthen its distribution channel. Komatsu America purchased the locations from Phoenix-based Road Machinery, LLC in a deal that closed October 5. 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.”
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.
Road Machinery is also a major rental player, No. 97 on the RER 100.