Caterpillar sells rubber-belted track component business
Peoria, Ill-based Caterpillar sold its rubber-belted track component business to Camoblast, Sherbrooke, Quebec, Canada, which will sell these components to Caterpillar for use in its Mobil-trac systems.
Caterpillar designs and manufactures rubber belts, idler wheels, mid-rollers and drive wheels for the friction-driven rubber-belted undercarriage system. The Mobil-trac system undercarriage is used primarily on Challenger agricultural tractors, Lexion combines, asphalt pavers and in specialized defense applications.
Under the agreement, Camoblast acquired Caterpillar’s 115,000-square-foot rubber-belted track component manufacturing facility in Emporia, Kan. Camoblast intends to continue operations at the two and a half year old facility, and plans to retain the associates employed there.
Financial terms of the agreement were not disclosed.