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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 ...
Cat's ability to integrate and profit from them is unquestionable, as they are already adding to Cat's top line. The Bucyrus acquisition in particular has given the company a solid mining push ...
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]
Finning is a Canadian industrial equipment dealer specializing in Caterpillar products. It is responsible for selling, renting and providing parts and service for equipment and engines to customers in industries including mining, construction, petroleum, forestry and a wide range of power systems applications.
As a publicly traded company, Terex grew from acquisitions under the leadership of Ron DeFeo, who became president in 1993 and CEO in 1995. In 1997 Terex aquired mining business from O&K, including worlds largest hydraulic excavator RH 400, later produced as Cat 6090. [11] In 2010 Terex sold its mining business to Bucyrus. [12]
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]
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