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CAT buys European engine remanufacturer
08/23/2004
Caterpillar Inc. acquired the business and assets of Wealdstone Engineering Ltd., one of Europe's leading remanufacturers of gasoline and diesel engines. Wealdstone is a privately held company based in the United Kingdom. The acquisition represents an expansion of Caterpillar Remanufacturing Services (Cat Reman), which currently has six facilities located in the United States, Mexico and Europe serving the automotive power train remanufacturing business. Wealdstone Engineering is located is Rushden, England, and employs more than 100 people. Its business is automotive- and industrial-based, and Wealdstone has been a specialist OEM remanufacturer since 1965. Wealdstone's largest long- term customers are Ford Europe and the British Ministry of Defense.

 

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