Caterpillar sells forestry business to Weiler
Caterpillar enters into a preliminary agreement with Weiler to sell purpose-built forestry business, excluding forestry excavators
On 30 August 2018, Gough Cat’s US supplier Caterpillar announced that it has entered into a preliminary agreement with Weiler, Inc. to sell the Cat purpose-built forestry business. The agreement does not include forestry excavators.
The sale is subject to negotiation of a final agreement, the closing of which is expected by early 2019.
Gough Cat remains strongly committed to supporting its forestry customers and the forestry industry, says Gough Cat executive general manager Chris Heaton.
Caterpillar will continue to provide forestry excavators designed for log loading, processing, and other forestry applications, in addition to supplying core Caterpillar equipment to the forestry industry. Weiler will design and manufacture purpose-built forestry products.
"The sale of the purpose-built forestry business enables Caterpillar and Weiler to serve the complete forestry industry, while Gough Cat will continue to provide customers with the same outstanding sales and service support they’ve come to expect," Chris says.
The proposed sale includes the purpose-built forestry product line consisting of wheel skidders, track feller bunchers, wheel feller bunchers, knuckleboom loaders, and related operational facilities.
"Weiler has a proven track record of working with Cat dealers like Gough Cat all over the world to respond rapidly to customers with specialised product needs," Chris says.
"We are confident this provides a strong foundation to successfully serve our customers in the purpose-built forestry segment."
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