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Bobcat Goes to Korean Firm08-21-07 | News
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Bobcat Goes to Korean Firm




Bobcat loaders and equipment have been staples of the landscape industry for more than 40 years.

The Bobcat brand can handle a lot of jobs ?EUR??,,????'?????<

Doosan has promised to keep building the loaders and utility equipment at the existing facility in North Dakota. There is no long-term agreement to keep building the equipment in the U.S., however.

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Forbes said the sale of a company that manufactures equipment used to build new houses might seem a difficult deal, due to the slump, yet in fact it turned out to be a very lucrative sale for Ingersoll.

Companies like Bobcat could appeal to foreign investment firms who might want to take advantage of the weak dollar. The dollar reached an all-time low to the Euro in July. Companies like Bobcat also might appeal to private equity firms, which are willing to invest in industries under dire circumstances. In August, a New York-based private-equity firm allocated Chrysler at a huge discount from the price Daimler originally paid for it. With low interest rates, private-equity firms are looking to obtain undervalued assets at good prices.

Bidders might also be enticed by recent signs that demand is firming up for homebuilding supplies.

Sources: Forbes, Reuters

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