Yesterday, Weiler Forestry Inc. announced it has entered into a definitive agreement to purchase Caterpillar’s purpose-built forestry business. Closing is anticipated to occur late 3rd quarter of 2019. This agreement follows the preliminary agreement between the two companies, which was announced in August 2018.
With this agreement, Weiler Forestry will acquire Caterpillar’s purpose-built forestry product line consisting of wheel skidders, track feller bunchers, wheel feller bunchers and knuckleboom loaders, along with operations facilities in LaGrange, Georgia, Auburn, Alabama and Smithfield, North Carolina.
“We are very excited to add Weiler-branded purpose-built forestry equipment to our product portfolio,” said Pat Weiler, owner and founder of Weiler, Inc. and Weiler Forestry. “Since the initial announcement, I’ve met with numerous Cat dealers and forestry customers. The response has been overwhelmingly positive and provided us with valuable feedback as we make plans to expand the existing forestry product line. We are eager to complete the acquisition and get to work.”
Founded in 2000, Weiler currently produces an extensive portfolio of products and has a long- standing history of successfully manufacturing purpose-built equipment distributed through the Cat dealer network. Upon the closing of the sale, Weiler Forestry will design and manufacture purpose-built forestry products, which will continue to be available through the Cat dealer network, providing customers with the same outstanding sales and service support they’ve come to expect.
Weiler Forestry and Caterpillar will work closely with Cat dealers to best support customers during this transition to ensure product availability and support services.