Mitsui & Company Ltd., headquartered in Tokyo, has acquired all shares in U.S. based Taylor & Martin Enterprises LLC.
One of the key strategic areas identified by Mitsui in its medium-term management plan 2026 is "Industrial Business Solutions," the company says, including the mobility business. Long-haul trucking is the backbone of the U.S. logistics industry, and the United States has the biggest truck fleet in the world with 13.5 million trucks operating on its roads.
Through this investment, Mitsui states it aims to contribute to strengthening the value chain in the United States by extending its reach to downstream and capture the growth of the truck market in the country. Additionally, by leveraging synergies with Mitsui's existing North American automotive business, "we aim to create a sustainable profit base by forming an automotive business cluster," the company adds.
Mitsui will combine its multisector networks and solutions with Taylor & Martin's truck auctioning expertise. By geographically expanding the business through the creation of more auction sites in the North American market, and by increasing services, Mitsui will enhance the customer experience and contribute to Taylor & Martin's further growth, the company says.
