Caterpillar Selling Part of Bucyrus

Caterpillar announced Wednesday it's selling part of Bucyrus Distribution to Caterpillar dealer WesTrac for 400 million dollars. The acquisition by WesTrac means 430 former Bucyrus employees and contractors are expected to transition to WesTrac. Discussions are continuing between the companies in relation to former Bucyrus distribution and support businesses in the WesTrac dealership territories in Northeast China. Caterpillar also 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.