Volvo Construction Equipment has initiated the divestiture of former dealer L. B. Smith by selling its Florida distribution marketing area, with the exception of Tallahassee, to Flagler Construction Equipment of Orlando. The company will serve the area from current LB Smith branch facilities in Orlando, Ft. Myers, Jacksonville, Ft. Lauderdale and Tampa. Volvo CE purchased the assets associated with L.B. Smith, its distributor for the majority of the East Coast, in May 2003. Volvo CE continued operations of the former dealer under the name LB Smith, and announced at the time of the acquisition its intention to divest the business over time.
Volvo sells LB Smith Florida territories
May 10, 2004