Caterpillar Agrees to Sell Purpose-Build Forestry Business to Weiler
Caterpillar announced a preliminary agreement to sell the Cat purpose-built forestry business to Weiler Inc. The sale is subject to negotiation of a final agreement, the closing of which is expected by early 2019.
“We remain committed to supporting our forestry customers and the forestry industry,” said Tom Pellette, Caterpillar Construction Industries Group president. “The sale of the purpose-built forestry business enables Caterpillar and Weiler, through the dealer network, to serve the complete forestry industry, while providing customers with the same outstanding sales and service support they’ve come to expect.”
Caterpillar will continue to provide forestry excavators designed for log loading processing and other forestry applications, in addition to supplying core Caterpillar equipment to the forestry industry. Weiler will design and manufacture purpose-built forestry products, which will be available through the Cat and Prentice dealer networks.
The proposed sale includes the purpose-built forestry product line consisting of wheel skidders, track feller bunchers, wheel feller bunchers, knuckleboom loaders, and related operations facilities including the manufacturing plant and warehouse in LaGrange, Ga., the demonstration and training center in Auburn, Ala., and the legacy Prentice parts distribution center in Smithfield, N.C.
Founded in 2000, Weiler has a long-standing history of successfully manufacturing purpose-built equipment distributed through the Cat dealer network. Weiler currently produces an extensive portfolio of products and is a recognized manufacturer within paving. Weiler is also expanding into other industries.
“We believe that the purpose-built forestry product line is the ideal addition to our current product portfolio,” said Pat Weiler, owner and founder of Weiler Inc. “We have a proven track record of working with Cat dealers all over the world to respond rapidly to customers with specialized product needs. We are confident that our existing product line, our flexible design and manufacturing strategy, and our unrivaled customer focus will differentiate us within the forestry segment.”
The companies said they expect about 270 employees supporting the purpose-built forestry business will retain employment with Weiler. A small number of Caterpillar employees will continue to support forestry excavators and the existing forest products field population.
About the Author
Michael Roth
Editor
Michael Roth has covered the equipment rental industry full time for RER since 1989 and has served as the magazine’s editor in chief since 1994. He has nearly 30 years experience as a professional journalist. Roth has visited hundreds of rental centers and industry manufacturers, written hundreds of feature stories for RER and thousands of news stories for the magazine and its electronic newsletter RER Reports. Roth has interviewed leading executives for most of the industry’s largest rental companies and manufacturers as well as hundreds of smaller independent companies. He has visited with and reported on rental companies and manufacturers in Europe, Central America and Asia as well as Mexico, Canada and the United States. Roth was co-founder of RER Reports, the industry’s first weekly newsletter, which began as a fax newsletter in 1996, and later became an online newsletter. Roth has spoken at conventions sponsored by the American Rental Association, Associated Equipment Distributors, California Rental Association and other industry events and has spoken before industry groups in several countries. He lives and works in Los Angeles when he’s not traveling to cover industry events.