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Engineering & Construction

Bobcat rival Takeuchi boosts track loaders with U.S. plant buy

Acquisition to shorten lead times in Japanese brand's top market

Takeuchi Manufacturing sells more than 90% of its track loaders in the U.S. (Photo courtesy of Takeuchi Manufacturing)

NAGANO, Japan -- Construction equipment builder Takeuchi Manufacturing has agreed to purchase an American factory from a Japanese peer in a deal it expects to boost its production capacity for a key type of equipment sold in the American market by about 40%.

Takeuchi is acquiring the Kobelco Construction Machinery plant in Moore, South Carolina, for $34.35 million.

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