Co Tyrone firm takes on former Caterpillar site outside Belfast
Caterpillar has sold off one of its Northern Ireland manufacturing sites to a Co Tyrone firm amid cost-cutting at the international giant.
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CDE Global, which is based in Cookstown and supplies equipment for the global mining and quarry industries, is taking on the Monkstown site, which had been owned by Caterpillar.
Caterpillar revealed in 2016 that it was closing its Monkstown factory outside Belfast and cutting between 200 and 250 jobs.
CDE will take possession of the building in September.
Its director of operations Stephen McCullough said: "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 CDE sales."
And the firm's finance director Colin Trainor said: "The efficiencies generated will strengthen the CDE organisation as well as underpin the prospect for employment in the wider area.
A spokesman for Caterpillar said: "As part of our restructuring plans to make the business more efficient and competitive, announced in September 2016, we can confirm that we have agreed the sale of our Monkstown facility to CDE Group.
"The ongoing consolidation of our 'large electric power operations' onto our Larne site will continue as planned."