Carter Machinery

Carter Machinery, founded in Virginia in 1952, is a producer of lubricants for engines and other mechanical purposes. By the 1980s, it also became the largest dealer in Caterpillar equipment in the United States,[1] and it was acquired by Caterpillar, Inc. in 1988. Carterpillar contended that the acquisition, breaking its tradition of having only independent dealerships, was necessary to protect its right to dictate who could sell and service their product in the state of Virginia.[2] Carter was bought out by its management in 2011, again becoming an independent dealer for Caterpillar.[3]

References

  1. ↑ "Philanthropist Beirne Carter Dies", The Free Lance Star, Fredericksburg, Virginia (January 29, 1989).
  2. ↑ "Caterpillar Buys Out Va. Supplier", The Free Lance Star, Fredericksburg, Virginia (June 10, 1988).
  3. ↑ "Caterpillar to Sell Carter Machinery", Wall Street Journal (February 16, 2011).

External links


This article is issued from Wikipedia - version of the Friday, May 29, 2015. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.