There’s some good news for employees at the Caterpillar plant in Prentice. The Prentice facility that makes forest products for Caterpillar has been the target for acquisition by one of Caterpillar’s vendors, Ritalka, Inc.
Ritalka owner Kevin Wald confirmed he’s been negotiating with the heavy equipment maker since last fall, but they haven’t reached a deal. If Ritalka is able to acquire the Prentice plant, they may eventually expand it. for now, Wald will continue negotiating in hopes of closing the deal by the end of the year.
Caterpillar has said it move production out of Prentice by the end of the year, impacting 220 workers.