WACO, Texas (KWTX) HOLT CAT, the Caterpillar equipment and engine dealer that serves Central, South North and Northeast Texas, announced Friday it has entered an agreement to purchase Caterpillar’s shuttered Waco Work Tools plant.
“We are excited for our growth in the Waco region, which is located in the heart of HOLT CAT’s territory,” said Peter J. Holt, CEO and general manager.
“This expansion will give us the opportunity for a multitude of possible uses.”
Caterpillar, Inc. announced in February 2018 that it planned to close the Work Tools facility on Texas Central Parkway and shift production to a facility in Wamego, Kan., and to external suppliers in a move that affected almost 200 workers.
The plant produced buckets, couplers, and hammers.
HOLT CAT’s purchase includes 107 acres with three buildings with a total of more than 170,000 square feet of manufacturing, warehouse and office space, which the company will repurpose “to meet the needs for HOLT CAT, provide options to better serve customers and growth opportunities for employees,” the company said in a press release Friday.
Work on the project is scheduled for completion late this year, the company said.
“HOLT CAT expects no operational impact to the existing HOLT CAT Waco store,” the company said.
"We constantly consider all types of possibilities and options to better serve our customers, provide growth opportunities for our employees, and meet the growing needs of HOLT’s territory. As our plans develop, we will ensure HOLT employees are kept informed," the company said.