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| Caterpillar acquires assets of Gremada Construction equipment giant Caterpillar Inc. will acquire certain assets of Gremada Industries, a leader in the processes of remanufacturing and reclaiming 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. Privately held Gremada is based in West Fargo, North Dakota, and has another nearby primary location in Fargo, North Dakota. The company has more than 200 employees, who will become part of Caterpillar's Remanufacturing Division following the closing of the deal. Financial details of the agreement are not being disclosed. The acquired businesses will join 16 other Caterpillar remanufacturing facilities located in the United States, Mexico, Europe and Asia. write your comments about the article :: © 2008 Construction News :: home page |