Caterpillar Inc – Welcomes the 400 employees of Caterpillar Tohoku Ltd.

Caterpillar Inc. (NYSE: CAT) today announced that Caterpillar Japan Ltd. (Caterpillar Japan) has acquired Caterpillar Tohoku Ltd. (Cat Tohoku), effective March 1. With the acquisition, Caterpillar Japan is restructuring its distribution network in Japan. This is being done to enhance service to its customers by providing them with a full range of products, services and solutions and by leveraging Caterpillar’s global offerings of products and services to meet customers’ business needs and contribute to their success. The acquisition of Cat Tohoku supports Caterpillar’s continued focus on providing the highest quality products and services around the world and continuing to grow its business in Japan.

For more than 40 years, Cat Tohoku was independently owned and operated, establishing a solid customer base providing sales, rental, service and aftermarket support for Cat machines in the six prefectures of Aomori, Iwate, Miyagi, Akita, Yamagata and Fukushima. Combining Caterpillar’s extensive experience, Cat Tohoku’s strong customer base and alignment with Caterpillar’s other dealers across Japan is directed at better serving the customers in the Tohoku territory, where people suffered unprecedented damage from the Great East Japan Earthquake and tsunami.

“We are very excited to welcome the approximately 400 employees of Caterpillar Tohoku Ltd. and its three subsidiaries to Caterpillar Japan,” said Ali Bahaj, vice president of Caterpillar Inc. and chairman and CEO of Caterpillar Japan Ltd. “Caterpillar would like to extend our admiration and appreciation to the Caterpillar Tohoku management team and employees who have guided the business for many years, including their recent heroic efforts in support of the disaster recovery that hit the area, as valuable members of the Caterpillar family,” added Bahaj.

Caterpillar Inc. (Caterpillar) is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company also is a service provider through Caterpillar Financial Services, Caterpillar Remanufacturing Services, Caterpillar Logistics Services and Progress Rail Services. Caterpillar owns a portfolio of brands, which includes Anchor Coupling, AsiaTrak, Balderson, Barber-Greene, Cat, Cat Financial, Cat Logistics, Cat Reman, Cat Rental Store, E-Ject, Eurenov, FG Wilson, Hindustan, Mak, Olympian, Perkins, Prentice, Progress Rail, Shandong Engineering Machinery Co. (SEM), Solar Turbines, Turbomach, Turner Powertrain System,Verachtert and Xpart. It has remanufactured diesel engines and components for its own machines and power systems. On July 2011, the Company acquired Bucyrus International, Inc.

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Post Written By: Ed Liston Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.