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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 ...
Pages in category "Former Caterpillar Inc. subsidiaries" The following 5 pages are in this category, out of 5 total. This list may not reflect recent changes .
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]
In April 1946, the company changed its name to the Marion Power Shovel Company to more closely reflect its products. [6]Marion built its first walking dragline in 1939 and became a key player in providing giant stripping shovels to the coal industry, being the first to put a long-boom revolving stripping shovel to work in North America in 1911.
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]
The sale closed on March 28, 2005, with Progress Rail becoming a separate private company. [6] On May 17, 2006, Caterpillar Inc. announced it would purchase Progress Rail from One Equity Partners for $1 billion in cash, stock and debt. [7] The acquisition by Caterpillar was announced as part of its long-term strategy, Vision 2020.