Into the forest

  • 18-Jan-2008 03:49 EST

Caterpillar has acquired the assets of Blount’s Forestry Division, and in a separate transaction, six Cat dealers agreed in principle to acquire certain assets of Pioneer Machinery, a distributor of forestry products in the southeastern U.S. Under the agreement between Cat and Blount, Cat will acquire two Blount manufacturing facilities—a sales office and a service parts warehouse and product support operation in North America as well as an assembly operation in Sweden. Cat and Blount have jointly produced and marketed products globally under the Caterpillar and former Timberking brands. Pioneer Machinery, which Caterpillar acquired in 2001, is now owned by Cat and the six Cat dealers whose service territories cover the same area in the southeastern U.S. The transition of Pioneer’s commercial operations to the dealers will begin as soon as definitive agreements are completed.

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