Caterpillar Inc. (CAT) has announced it will sell its purpose-built forestry business to Iowa-based Weiler Inc., with the deal expected to close in early 2019.
According to reports, the agreement includes all assets of CAT’s purpose-built forestry line, including its manufacturing plant and warehouse in Georgia, training center in Alabama and distribution center in North Carolina. The line of equipment includes machines like wheel skidders, track feller bunchers, wheel feller bunchers and other equipment. Other CAT equipment, including log loading and forestry excavators, will remain with the brand.
CAT is one of the world’s largest manufacturers of off-highway and industrial equipment. They employee just over 98 thousand people worldwide.