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In 1959 MTD began manufacturing self-propelled lawn mowers, garden tractors and other power equipment. In 1962 MTD purchased Sehl Engineering Ltd. of Canada which would later become MTD Products, Ltd. and then MTD Canada. In 1966 MTD purchased Industrial Plastics Company in Cleveland. In 1967 MTD started to manufacture bicycles.
In 1908, the Colean Co., a steam-powered tractor firm went bankrupt and its plant went up for sale. [ 2 ] [ 5 ] [ 6 ] [ 7 ] Baker alerted Pliny Holt of Holt Manufacturing Company to the opportunity. [ 2 ] [ 8 ] [ 9 ] [ 5 ] [ 10 ] Baker joined the Holt Manufacturing Company in 1909 and became vice president and general manager.
The Caterpillar company consolidated its product lines, offering only five track-type tractors: the 2 Ton, 5 Ton, and 10 Ton from the Holt Manufacturing Company's old product line and the Caterpillar 30 and Caterpillar 60 from the C. L. Best Tractor Co.'s former product line. The 10 Ton and 5 Ton models were discontinued in 1926.
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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. When wheat dropped to 25 cents a bushel in 1931, farmers could not afford new farm implements and the new Avery Power Machinery company could not pay its debts.
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