Construction giant Caterpillar Inc. is moving from Deerfield, Illinois, to the Dallas-Forth Worth area of Texas.
According to a company news release, Caterpillar Inc., one of the world’s leading manufacturers of construction and mining equipment, will move its global headquarters from Deerfield to Irving, Texas, later this year.
“We believe it is in the company’s best strategic interests to make this move, which supports Caterpillar’s strategy of profitable growth as we help our customers build a better, more sustainable world,” said President and CEO Jim Umpleby in a statement.
In 2017, Caterpillar moved its world 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 moving 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.
Responding to the company’s announcement, Illinois Governor JB Pritzker said in a statement: “It is disappointing to see Caterpillar moving its 240 headquarters employees out of Deerfield over the next few years when so many companies are moving in.”
“We will continue to support the 17,400 Illinoisans who work for the company in East Peoria, Mapleton, Mossville, Pontiac and Decatur, which remains Caterpillar’s largest manufacturing plant in North America after the company’s recent expansion.” , he added.
Caterpillar will begin the transition of its headquarters to Irving this year, according to the release.
Further details, including whether or not Deerfield employees will be relocated to Irving, were not immediately available.
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