Caterpillar has acquired Franklin Power Products and International Fuel Systems

Caterpillar Inc. acquired certain assets of Franklin Power Products, Inc. (“FPP”) and International Fuel Systems, Inc. (“IFS”) from Remy International, Inc. The acquisition agreement was signed on January 31, 2007 and the transaction closed in early February. Lincoln International delivered an opinion as financial advisor to Caterpillar Inc.

FPP is a leading remanufacturer of on-highway light- and medium-duty truck diesel engines and engine components. IFS is a premium provider of remanufactured diesel engine components such as high pressure fuel pumps, fuel injectors and turbochargers. Both businesses are located in Franklin, Indiana.

With the acquisition of FPP and IFS, Cat Reman will be positioned as the leading diesel engine remanufacturer in North America with a full range of products and remanufacturing capabilities for automotive and light truck engines.

The acquired businesses will join 14 other Caterpillar remanufacturing facilities located in the United States, Mexico, Europe and Asia. Caterpillar is one of the largest remanufacturers today, recycling more than two billion pounds of material annually. It uses state-of-the-art remanufacturing technology to recycle used products, such as engines and transmissions, into like-new components.

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