Caterpillar Unloads $400M Aussie Mining Distributor
The acquisition gives WesTrac, Caterpillar’s main dealer for northern China, the distribution network formerly operated by Bucyrus International Inc., which Caterpillar took over last year, according to WesTrac.
WesTrac’s parent company, Seven Group Holdings Ltd., will finance the purchase through a new five-year debt facility, according to WesTrac. The deal is...
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