Construction manufacturing giant Caterpillar Inc. is leaving Deerfield, IL for the Dallas-Forth Worth area.
According to a press release from the company, Caterpillar Inc., one of the world’s leading manufacturer of construction and mining equipment, will move its global headquarters from Deerfield to Irving, TX later this year.
“We believe it’s in the best strategic interest of the company to make this move, which supports Caterpillar’s strategy for profitable growth as we help our customers build a better, more sustainable world,” said Chairman and CEO Jim Umpleby in a statement.
In 2017, Caterpillar moved its global headquarters from Peoria to Deerfield. The company previously planned to build a new headquarters complex in downtown Peoria, but those plans were later scrapped in favor of a move to the suburbs.
“We value our deep roots in Central Illinois, and Peoria will continue to be our hometown. The vast majority of our people will remain in this important region where we have many essential facilities and functions,” Umpleby said at the time.
