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Tag: Sunstate Equipment Co.
Business
Sumitomo acquires majority stake in Sunstate Equipment
Japanese company Sumitomo Corporation announced this morning that it has increased its investment to become the controlling interest in Sunstate Equipment Co. with 80 percent of the company’s shares. Despite the U.S. construction equipment rental industry’s downturn, in December 2009 Sumitomo made a $50 million investment in Sunstate because it “was convinced that industry was […]
January 8, 2013
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