# CDE Group to acquire Caterpillar's factory in Newtownabbey, Ireland

CDE Group, a mining products company, will purchase the 300,000 sq ft Caterpillar manufacturing plant in Monkstown, Newtownabbey, taking possession in September 2018. The deal value was not disclosed.

- Type: Acquisition
- Announced: 2018-03-06
- Where: Newtownabbey, Monkstown, Northern Ireland, United Kingdom
- Status: announced
- Products: mining and quarry equipment
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Caterpillar](https://endata.com/companies/1968.md) (target)
- [CDE Group](https://endata.com/companies/30498.md) (acquirer)

## Sources

- [miningconnection.com](https://miningconnection.com/coal_prep/news/article/cde_group_to_aquire_caterpillars_factory_in_newtownabbey_ireland), 2018-03-06: "CDE said it expects sales of its equipment to double by 2020 and acquiring the factory will 'enhance employment.'"
- [irishnews.com](https://www.irishnews.com/business/2018/03/06/news/cde-group-buys-caterpillar-site-in-monkstown-1270538/), 2018-03-06: "Over the next 12 months the plant will be operational and will result in reduced lead times for projects, which is a key driver for sales."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.