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In 1927, Bucyrus merged with the Erie Steam Shovel Company to form Bucyrus-Erie. In 1997, it was renamed Bucyrus International, Inc. In 2010 the enterprise was purchased by Caterpillar in a US$7.6 billion [ 7 ] ($8.6 billion including net debt) transaction that closed on July 8, 2011.
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-Erie (1 C, 9 P) Pages in category "Former Caterpillar Inc. subsidiaries" The following 5 pages are in this category, out of 5 total.
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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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