Caterpillar to Sell Bucyrus Distribution Business in Quebec
26 July 2012Caterpillar has signed an agreement to sell a distribution and support business to Hewitt Equipment Limited in the province of Quebec, Western Labrador and the Maritimes, it was announced last month. The move comes as the Caterpillar continues to shed distribution units from earth moving equipment manufacture Bucyrus that it acquired last year.
"Cat dealers play a pivotal role in helping us build and maintain our world-class system of distribution and product support," said said Steve Wunning, Caterpillar group president. "This is critical to providing value and solutions for Caterpillar mining customers, and Hewitt will be helping us achieve that."
Jim Hewitt, president and CEO of Hewitt added: "We are very enthusiastic about this agreement, under which we will provide an even broader product offering to our valued mining customers. We look forward to collaborating with Caterpillar and with our customers as we work together to build on the existing Bucyrus support resources in our service territory. We are already making significant investments in facilities and in training to further strengthen that support capability. Further, as the transition takes place, we will be investing heavily in parts and component inventories to help ensure our customers attain optimal availability of their Cat and Bucyrus equipment. We also look forward to welcoming the former Bucyrus employees who will be joining the Hewitt Team."
