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Caterpillar Inc., also known as Cat, is an American construction, mining and other engineering equipment manufacturer. [6] The company is the world's largest manufacturer of construction equipment. [3] [7] [8] In 2018, Caterpillar was ranked number 73 on the Fortune 500 list [9] and number 265 on the Global Fortune 500 list. [10]
Holt incorporated the Holt Caterpillar Company, in early 1910, later that year trademarked the name "Caterpillar" for his continuous tracks. [ 27 ] Caterpillar Tractor Company began in 1925 from a merger of the Holt Manufacturing Company and the C. L. Best Tractor Company , an early successful manufacturer of crawler tractors.
After the war ended, Holt focused less on agricultural machinery and more on producing road-building equipment. On December 5, 1920, 71-year-old Benjamin Holt died after a month-long illness. Five years later, the Holt Caterpillar Company merged with its strongest competitor, the C. L. Best company, to form what is now Caterpillar Inc. , the ...
This prototype tractor, built by Benjamin Holt, was the first The earliest predecessor of today's Caterpillar tractors rumbled across the fields of Roberts Island near Stockton, Calif., on Nov. 24 ...
The tractor is stacked high with supplies, and a number of uniformed soldiers are walking alongside. A Holt 60-horsepower, four-cylinder valve-in-head gasoline Caterpillar (s/n 524) in 1912. The tractor was restored in the late 1960s and is the oldest surviving East Peoria-built tractor known to exist. [42]
[6] [7] In 1920, the C. L. Best Traction Company was restructured and renamed the C. L. Best Tractor Company. The most successful tractor produced was the C. L. Best 60 Tracklayer, later produced as the Caterpillar Sixty. In the mid-1920s, Holt encountered financial trouble. Best's financial backers approached Holt executives to discuss a merger.
They also manufactured parts for all of the previous Avery machines, for which there was still considerable demand. [5] The competition for track-type farm equipment increased in 1925 when the Holt Manufacturing Co. and the C. L. Best Co. of San Leandro, California, merged to form the Caterpillar Tractor Co.
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