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- Mitsui & Co., Ltd.
Corporate Communications Division
Telephone: +81-80-5912-0321
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Main Contents
Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President and CEO: Kenichi Hori) has acquired all shares in Taylor & Martin Enterprises, LLC ("Taylor & Martin"), a major truck auction business in the United States.
One of the key strategic areas identified by Mitsui in its Medium-term Management Plan 2026 is "Industrial Business Solutions" including the mobility business. Long-haul trucking is the backbone of the US 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 aim 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.
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.
Company Profile
| Name | Taylor & Martin Enterprises, LLC |
|---|---|
| Head office | Fremont, Nebraska, U.S.A. |
| Established | 1935 |
| Representative | Stacy Tracy (President) |
| Employees | 80 (as of January 2024) |
| Business activities | Truck auctioning |
| Website |
Taylor & Martin is a leader in the US truck auction business.
Mitsui’s Materiality
“Build brighter futures, everywhere” as our corporate mission, and to gain the trust and expectations of our stakeholders to realize a better tomorrow for earth and for people around the world, we have identified five material issues (“Materiality”) for Mitsui’s sustainable growth. We anticipate this particular project/ business to contribute especially to the realization of “Secure sustainable supply of essential products”
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Secure sustainable supply of essential products
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Enhance quality of life
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Create an eco-friendly society
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Develop talent leading to value creation
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Build an organization with integrity