Sears possibly selling off Kenmore, Craftsman, Diehard brands

[Jim W]

Jim, didn't Cat just spin off Terex or one of the recent buys?

Wayne,
I do not think Cat would ever own Terex Corp. Since it is a direct competitor and they are a holding company of many different products that are rebranded with the Terex name. As far as other smaller companies purchases and selling off I do not know, I retired from Cat in Jan 2009 and I have not kept up on Cat, I do see other retires from time to time and once in awhile current employees; but I do not ask and they do not volunteer any information. After 40 years I had enough, as long as the retirement checks keep coming I am happy.

Jim

 

[p-Bar]

Harbor freight is lifetime gauranteeing hand tools now. The beancounters ruin everything. Talked to my local appliance store because my double oven took a dump he said appliances have a lifespan of about 7 years REALLY ? went on craigslist bout a pullout practically brand new for 300.00 new that would have costed me over 2k

 

[JR]

Jim, didn't Cat just spin off Terex or one of the recent buys?

I remember several years ago Terex and Cat traded proprietary information on electric mining equipment. Im kind of surprised at Jim's comment, I seem to remember the two have been involved in co developing equipment on more than one occasion.

Kind of reminds me of Grove/Manitowoc, who bought out German crane manufacturer Krup. Krup had a patent on a telescopic boom that utilized one single acting inner telescopic cylinder to extend/ retract all the boom sections individually rather than the traditional configuration that had a tele cylinder for each boom section. This cut down on a tremendous amount of weight, which allowed the focus on lighter stiffer boom sections. GMK booms (originally stood for Grove Manitowoc Krup, but later changed to Grove Mobile Kran) are commonly used in anything over 130 ton, in both RT and AT.

Here's our RT9150 (150 ton, 200 ft main boom) with a GMK boom the day she came in on the truck. (Notice the broken window, along with about 50 ft of phone cable wrapped up around the boom....:-laf

Jeez, guess I got off topic a little

 

[Jim W]

I remember several years ago Terex and Cat traded proprietary information on electric mining equipment. Im kind of surprised at Jim's comment, I seem to remember the two have been involved in co developing equipment on more than one occasion. Jeez, guess I got off topic a little

That's OK!

I worked in the mining division from 1993 until 2,000 at Cat and we never dealt with Terex. In fact all of over shovels and mass excavators where hydraulic at the time they were the 5010,5130, 5130B, 5230 and the 5230B. I had the Hydraulic systems on those products. I than when to large wheel loaders in Aurora ending up has a project engineer for the hydraulic systems on those tractors, retiring in 2009. So if we did do any dealing with Terex, it would have been after 2009. After 2009 Cat did acquire some hydraulic shovels and mass excavators from another manufacture and I thought I read some where that it was a P&H hydraulic mining machines. Not sure can't find the article now.

Jim

 

[EGroeneveld]

Goodbye Sears!

You have ruined yourself, your stores are crap. Your tools went to crap. Your appliances went to crap.

Goodbye Sears and Kmart.

 

[Deleted member 995608]

Kmart? Haven't been inside one in years

 

[FOXY005]

Kmart? Haven't been inside one in years

Gheeeezzzz..... That takes me back and made me think how long it has been since I was there and what popped into my head was ... Attention K-Mart Shoppers we have a BLUE LIGHT SPECIAL ! :-laf:-laf:-laf LOL

 

[JR]

That's OK!

I worked in the mining division from 1993 until 2,000 at Cat and we never dealt with Terex. In fact all of over shovels and mass excavators where hydraulic at the time they were the 5010,5130, 5130B, 5230 and the 5230B. I had the Hydraulic systems on those products. I than when to large wheel loaders in Aurora ending up has a project engineer for the hydraulic systems on those tractors, retiring in 2009. So if we did do any dealing with Terex, it would have been after 2009. After 2009 Cat did acquire some hydraulic shovels and mass excavators from another manufacture and I thought I read some where that it was a P&H hydraulic mining machines. Not sure can't find the article now.

Jim

Took some digging but finally came across this article. Notice it states they entered into a "non binding agreement", which could mean anything. Being this article was written in the time frame you were with Cat you no doubt have more insight than the article.

http://www.equipmentworld.com/terex-caterpillar-to-acquire-each-others-assets/

 

[Wayne M.]

JR what I was thinking about is newer than that but anyway we had payhaulers in the landfill before it closed. They were loaded by CAT 992's and the scows were dug by O&K RH120's.

 

[Jim W]

Took some digging but finally came across this article. Notice it states they entered into a "non binding agreement", which could mean anything. Being this article was written in the time frame you were with Cat you no doubt have more insight than the article.

http://www.equipmentworld.com/terex-caterpillar-to-acquire-each-others-assets/

Ok, I was wrong in my believe that Cat was not dealing with Terex. I asked this morning at the Cat engineering retirees breakfast that I attend each month a couple of new retires. They just recently retired and said that Cat had purchased Bucyrus-Erie around late 2010 or 2011. An that Bucyrus-Erie had acquired the mining division of Terex before Cat bought Bucyrus-Erie, so now Cat for the time being owns the mining division of Terex. They also stated that Cat is going through a consolidation and closing unnecessary plants in various divisions.


So who knows what will happen tomorrow.

 

[Wayne M.]

Thanks Jim. It was Bucyrus but I knew Terex was in there somewhere.