Walker Machinery parent buys Caterpillar business
BELLE, W.Va. (AP) -- The parent company of Walker Machinery is buying part of the mining equipment distribution and support business of Caterpillar Inc.
Illinois-based Caterpillar said Thursday that Kentucky-based Boyd Company LLC has acquired Caterpillar's Bucyrus equipment distribution and support business for its territories.
The company has established Whayne-Walker Underground Mining as a new business unit to meet the distribution and support needs.
Whayne Supply Co. and Cecil I. Walker Machinery Co. are authorized Cat dealers in Kentucky, southern Indiana, southeastern Ohio and parts of West Virginia.
The Charleston Gazette reports that Caterpillar has announced similar transactions with other dealers over the last several months.
Belle-based Walker Machinery had been run by the Walker family since 1959. It completed the sale of its mining equipment business to Boyd Co. in April 2010.