PEORIA, Ill., Nov. 1, 2012 /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT), Boyd Company LLC, owner of Whayne Supply Company (Whayne Supply), and Cecil I. Walker Machinery Co. (Walker Machinery) today announced that Whayne Supply and Walker Machinery have acquired from Caterpillar Global Mining LLC the Bucyrus equipment distribution and support business for their territories. Whayne Supply and Walker Machinery are authorized Cat dealers in Kentucky, southern Indiana, southeastern Ohio and portions of West Virginia. Boyd Company LLC has established Whayne-Walker Underground Mining as the business unit to meet the distribution and support needs for these new products.
"Caterpillar and its dealers keep customers at the forefront of everything we do and that couldn't be more true for the global mining business today," said Steve Wunning, Caterpillar group president with responsibility for Resource Industries. "We are very pleased that Whayne Supply and Walker Machinery are going to play an integral role in what we believe is a high-growth industry."
Monty Boyd, owner and CEO of Boyd Company LLC, stated, "We have been working closely with Caterpillar for several months to make this transition a success. This new business unit will be integrated into our current Whayne and Walker operations. We look forward to providing these new mining products and support in our area."
Caterpillar has announced similar transactions with other dealers over the last several months. Caterpillar continues to hold discussions with other Cat dealers that have mining activity in their territories and will continue to operate the former
Bucyrus distribution business until the transitions have occurred in a given territory.
About Caterpillar:For more than 85 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. With 2011 sales and revenues of $60.138 billion, Caterpillar is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company also is a leading services provider through Caterpillar Financial Services, Caterpillar Remanufacturing Services and Progress Rail Services. More information is available at: http://www.caterpillar.com.
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