Tree Frog Forestry News

Caterpillar Signs Agreement to Sell Its Purpose-Built Forestry Business

Caterpillar Inc.
April 15, 2019
Category: Business & Politics
Region: United States

LaGrange, Ga. – Caterpillar Inc. today announced it has entered into a definitive agreement with Weiler Forestry, Inc. to sell Caterpillar’s purpose-built forestry business. The closing is expected to occur in the third quarter of 2019. This agreement follows the preliminary agreement between the two companies, which was previously announced on August 29, 2018.  “We remain committed to supporting our forestry customers and the forestry industry,” said Ramin Younessi, Caterpillar Construction Industries Group President. “Caterpillar and our dealers have an established relationship with Weiler that spans many years. The process of developing this binding agreement has further enhanced our confidence in Weiler’s ability to deliver purpose-built forestry machines, while Caterpillar continues to offer forestry excavators and other core equipment, allowing the dealers to provide a complete product portfolio and the optimal solution for forestry customers.”

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