USA/Volvo CE Acquires Dealer in the United States

摘要

Volvo Construction Equipment has announced the purchase of the assets associated with the Volvo distribution business of L.R. Smith. Inc., its largest dealer in the USA. Volvo CE takes over the assets, primarily inventory, and certain liabilities at fair wholesale market value. No goodwill or real estate is included in the deal. Volvo CE intends to continue the operation from the existing 31 locations in Florida, Georgia, Tennessee, Alabama, North and South Carolina, New Jersey, eastern Pennsylvania and New York. The new company will be doing business as L.B. Smith.