Bucyrus-Erie

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Bucyrus International, Inc.
Company typeSubsidiary of Caterpillar Inc.
IndustryMachinery manufacturing
Predecessor
  • Bucyrus Foundry and Manufacturing Company (1880–1893)
  • Bucyrus Steam Shovel and Dredge Company of Wisconsin (1893–1895)
  • The Bucyrus Company (1895–1911)
  • Bucyrus Company (1911–1927)
  • Bucyrus-Erie Company (1927–1996)
FoundedBucyrus, Ohio, United States (1880 (1880))
FounderDaniel P. Eells et al.
DefunctJuly 2011
FatePurchased by Caterpillar Inc.
Headquarters,
United States
Area served
Worldwide
Products
  • 8750 Dragline
  • RH400 Hydraulic Excavator
  • MT6300AC Mining Truck
Services
Maintenance
Footnotes / references
[1][2][3][4][5][6]

Bucyrus-Erie was an American surface and underground mining equipment company. It was founded as Bucyrus Foundry and Manufacturing Company in

Caterpillar in a US$7.6 billion[7]
($8.6 billion including net debt) transaction that closed on July 8, 2011. At the time of its acquisition, the Bucyrus product line included a range of material removal and material handling products used in both surface and underground mining.

History

1880-1927

Bucyrus was an early producer of steam shovels in its Bucyrus, Ohio headquarters and manufacturing facility. In 1893, Bucyrus moved its operations to South Milwaukee, Wisconsin.[8]

A Bucyrus steam shovel working in the Panama Canal

In 1904 Bucyrus supplied 77 of the 102

Culebra cut, setting a canal construction record. Each shovel averaged over 1,000,000 cubic yards of earth excavated at the cut.[10]

Theodore Roosevelt on a Bucyrus shovel in the Panama Canal in 1906

1927-1980

The company changed its name to Bucyrus-Erie in 1927 when it merged with the Erie Steam Shovel Company, the country's leading manufacturer of small excavators at that time.[citation needed]

In 1930 Bucyrus joined with Ruston & Hornsby Ltd Lincoln, England, forming the Ruston-Bucyrus Ltd firm in England. Ruston & Hornsby Ltd were the pre-eminent manufacturers of steam excavators at the time, having started in 1874. The merger gave the company access to previously unavailable world markets.

1980-2011

Ruston & Hornsby Ltd sold their share in Ruston-Bucyrus in 1985, during a period of recession and consolidation in the mining industry, as they divested non-core businesses to survive.[citation needed]

For a time in the 1980s the company was known as Becor Western following its merger with Western Gear.[citation needed]

On February 18, 1994, Bucyrus-Erie filed for Chapter 11 bankruptcy, and remained under bankruptcy protection until December 14, 1994.[11]

The company adopted the name Bucyrus International, Inc. in 1997.[citation needed]

Bucyrus built hundreds of large mining machines, as well as construction equipment, competing with

Marion Power Shovel in 1997.[citation needed
]

On May 4, 2007, Bucyrus completed the acquisition of the DBT Group, a

Herne, Germany. Bucyrus acquired DBT because DBT's underground mining equipment complemented Bucyrus' surface mining products.[citation needed
]

In February 2010, Bucyrus International completed a US$1.3 billion acquisition of the mining equipment division of Terex Corporation.[12]

On November 15, 2010, Bucyrus agreed to be acquired by

Caterpillar in a transaction valued at US$8.6 billion. Caterpillar said it intended to create a new mining business headquarters at the former Bucyrus headquarters location in South Milwaukee. The transaction closed in mid-2011.[13]

The Intellectual Property Rights for Bucyrus Erie marine cranes was acquired by Sparrows Group which has crane manufacturing operations based in

Products

Bucyrus owned the Bucyrus, Bucyrus-Erie, Marion, and Ransomes & Rapier brands and provided OEM parts and support services for machinery which bears those brands.[15]

Historical

dragline preserved at St Aidan's opencast coal mine
, Yorkshire, England
Reynolds-Alberta Museum

References

  1. ^ Syncrude Newsletter 2006, p. 1.
  2. ^ Bucyrus 2009, p. 4.
  3. ^ Bucyrus 2009, p. 59.
  4. ^ Bucyrus 2010, p. 21.
  5. ^ Bucyrus 2005, p. 1.
  6. ^ Bucyrus 2011, pp. 1–4.
  7. ^ Montlake, Simon (March 4, 2013). "Cat Scammed: How A U.S. Company Blew Half A Billion Dollars In China". Forbes. Retrieved 29 April 2017.
  8. ^ Bogue 1985, p. 150.
  9. ^ Bucyrus & timeline.
  10. .
  11. ^ Bucyrus-Erie 1994.
  12. ^ "Bucyrus Completes Acquisition of Mining Business of Terex". bucyrus.com. Bucyrus International Inc. 2010-02-19. Archived from the original on 2010-02-27. Retrieved 2010-03-01. Bucyrus International, Inc. ...announced today that it has completed its acquisition of the mining equipment business of Terex Corporation.
  13. ^ Caterpillar 2010.
  14. ^ "Manufacturing - Sparrows Group". sparrowsgroup.com. Archived from the original on 2014-08-10.
  15. ^ Bucyrus 2010a.
  16. ^ Furek, M.W. Sheppton: The Myth, Miracle & Music. CreateSpace, 2015
  17. Yorkshire Post. 25 June 2001. Archived from the original
    on 24 April 2019. Retrieved 24 April 2019.

External links

Media related to Bucyrus International at Wikimedia Commons