News: USA - Caterpillar to Expand Remanufacturing Business With Acquisition of Certain Gremada Industries, Inc. Assets
Purchase will enhance product and service offerings and increase strategic focus for remanufacturing in the mining and petroleum industries Caterpillar Inc. and Gremada Industries, Inc. announced that Caterpillar will acquire certain assets of Gremada Ind
Monday, 16th June 2008
Gremada Industries is a leader in the processes of remanufacturing andreclaiming metal parts and components used in transmissions, torque converters and final drives. Gremada provides service support for off-highway equipment used in the mining and petroleum industries, and it has extensive experience providing remanufacturing expertise for equipment used for petroleum drilling applications. 'With Caterpillar's leadership and extensive experience in the remanufacturing, mining and petroleum industries, this acquisition is an ideal strategic fit for our continued growth in our services businesses,' said Steve Fisher, Caterpillar vice president with responsibility for remanufacturing.' By adding Gremada, we will increase our overall product and service offerings for our existing customers while providing a platform for future growth opportunities for Cat Reman. Our competencies of core management and salvage technology, leveraged with Gremada's process efficiency and remanufacturing expertise, positions us well for future growth.'