Equipment End of an Era: Caterpillar To Phase Out 'Bucyrus' Name A longstanding brand in the construction and mining industries, Bucyrus is going away. On July 8, Caterpillar Inc. closed its $8.8-billion purchase of Bucyrus International Inc, the largest acquisition in Cat's 86-year history. The company will soon begin to phase out the Bucyrus nameplate. “As we examined this issue, it became clear that it would be in the best long-term interests of our business to have a single brand,” says Steve Wunning, group president in charge of global mining for Peoria, Ill.-based Caterpillar. Though today known mostly in the
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.