Market Overview

UPDATE: Cat, Ariel JV Announce Purchase of ProSource, to Provide Complete Pressure-Pumping Solutions

Related CAT
Markets Mostly Higher Despite Initial Negative Reaction From FOMC Minutes
Caterpillar July Sales Off 9%; Rate Of Decline Slows
Buyback Mania Inflates 2Q Earnings Growth (Fox Business)

Caterpillar Inc. (NYSE: CAT) and Ariel Corporation announced today the formation of a 50-50 joint venture that will provide well service pressure pumping products for customers in the global oil and gas industry.  The combined venture, Black Horse LLC, also announced the acquisition of pump manufacturer ProSource of Houston, Texas.

Posted-In: News M&A

 

Related Articles (CAT)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters