DEERFIELD, Ill.—Construction equipment manufacturer Caterpillar said Tuesday it is packing up its headquarters from its longtime home state of Illinois and moving to Texas.
Caterpillar Inc. said that it’s transferring its global base to the Dallas suburb of Irving, from Deerfield, outside Chicago.
The company had been based in Peoria, Illinois, for over 90 years before announcing a move to Deerfield in 2017. At the time, it touted Deerfield as meeting its goal of being more accessible to its global customers, dealers, and employees.
Caterpillar already has an office in Irving and has been in the state since the 1960s.
“We believe it’s in the best strategic interest of the company to make this move,” CEO Jim Umpleby said….