Doosan, a South Korean conglomerate involved in everything from
publishing to animal feed, has been making moves into the general industrial
business. The firm already produces heavy construction equipment and diesel
engines.
The deal for Bobcat, based in Fargo, N.D., also includes air
compressors, portable light towers and tools used with excavating equipment.
Former owners Ingersoll-Rand Co. had indicated a possible sale after weak
financial results related to the housing downturn, according to the online
report.