Caterpillar Announces Acquisition of Blount's Forestry Division and Transition of Pioneer Machinery to Six Caterpillar Dealers.

PR Newswire | November 5, 2007 | Copyright

Two deals strengthen Caterpillar's position in forestry industry

PEORIA, Ill., Nov. 5 /PRNewswire-FirstCall/ -- Caterpillar Inc. and Blount International, Inc. announced today that Caterpillar is acquiring the assets of Blount's Forestry Division. In a separate transaction, six Caterpillar dealers have agreed in principle to acquire certain assets of Pioneer Machinery, Inc., a premier distributor of forestry products in the southeastern United States.

Expanding Manufacturing Operations

Under the agreement between Caterpillar and Blount, ...

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