Remy to sell off transmission arm to Caterpillar

Manufacturing News, Source : TheManufacturer.com
Published : 18 Aug 2004 18:12

Remy International has announced an agreement to sell its US transmission remanufacturing operation, Williams Technologies, Inc., to Caterpillar, Inc.

Remy International has announced an agreement to sell its US transmission remanufacturing operation, Williams Technologies, Inc., to Caterpillar, Inc.

The all stock sale is expected to be wrapped up by the end of August whereupon Williams will become a wholly owned subsidiary of Caterpillar.

The Williams plant employs 500 workers and is responsible for remanufacturing

automatic transmissions, torque converters, and rotary engines.

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