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Bucyrus-Erie was an American surface and underground mining equipment company. It was founded as Bucyrus Foundry and Manufacturing Company in Bucyrus, Ohio, in 1880. Bucyrus moved its headquarters to South Milwaukee, Wisconsin, in 1893. In 1927, Bucyrus merged with the Erie Steam Shovel Company to form Bucyrus-Erie.
Industrial equipment manufacturing giant Caterpillar (CAT) said it will acquire mining equipment company Bucyrus International (BUCY) in a deal valued at approximately $8.6 billion. With this ...
Global Industrial Technologies sold the Marion Power Shovel Company, which had revenues of US$114.4 million in FY 1996, for US$40.1 million to Bucyrus International on July 23, 1997. [12] [13] [14] Following the acquisition, Bucyrus International closed Marion Power Shovel Company's Marion, Ohio facility. [citation needed]
Bucyrus was itself acquired by heavy equipment and diesel engine maker, Caterpillar, in 2011. Caterpillar's largest dragline is the 8750 with a 169-yard bucket, 435-foot boom, and 8,350 ton weight. The market for draglines began shrinking rapidly after the boom of the 1960s and 1970s which led to more mergers.
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The Barber-Greene headquarters in Aurora, Illinois was then sold to Transbulk Distribution Centers, Inc. for $2.9 million in 1987. [ 3 ] The Barber-Greene Co of DeKalb (which manufactured paving equipment) was purchased by Caterpillar Inc. for approximately $25 million in 1991.
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