Caterpillar has entered a preliminary agreement to sell the Cat purpose-built forestry business to Weiler, Inc. The sale is set to close sometime in early 2019, and a final agreement for the sale is still subject to negotiation. The plan will ensure the continuation of excellent customer service while maintaining exemplary standards.
“We remain committed to supporting our forestry customers and the forestry industry. 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.”
- Tom Pellette, Caterpillar Construction Industries Group President
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, Georgia, the demonstration and training center in Auburn, Alabama, and the legacy Prentice parts distribution center in Smithfield, North Carolina.
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, while also expanding into other industries.
“We believe that the purpose-built forestry product line is the ideal addition to our current product portfolio. 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.”
- Pat Weiler, owner and founder of Weiler, Inc
It is anticipated that approximately 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.