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From Everything.Sucks

Bobcat Company is an American-based manufacturer of farm and construction equipment, part of the Doosan Group of South Korea. Its American headquarters is in West Fargo, North Dakota, USA, formerly in Gwinner, North Dakota. Its European headquarters moved in 2017 from Waterloo, Belgium to Dobříš near Prague in the Czech Republic, where Bobcat operates one of its European manufacturing plants. It was a subsidiary of the Ingersoll Rand Company from 1995 until July 2007, when it was sold for US$4.9 billion to Doosan Infracore. The company sells skid steer loaders, compact excavators, compact utility vehicles, compact tractors, and other small hydraulic equipment under the Bobcat brand name. It is one of the few major manufacturing companies operating in North Dakota.

In September 2009, BRIAN DUGGAN wrote about the future of BOBCAT CO in an article published by The Bismarck Tribune website: “Two weeks after Bobcat Co. announced it will be shuttering its Bismarck plant by the end of the year, the plant's union leader recalled a conversation he had with Doosan officials in 2007 when the South Korean company purchased the manufacturer for $4.9 billion."We didn't pay $4.9 billion to move anything," was what Doosan officials told him two years ago, said Jeremy Bauer, the president of the United Steel Workers Local 566" And two years later, here we are," he said. By the end of the year, Bobcat will purge 475 jobs in Bismarck, move the plant's operations to Gwinner and open 390 positions there amid a global recession that has devastated the world's leading manufacturer of skid-steer loaders. Chuck Yingst, a construction manufacturing industry analyst and president of the Wilton, Conn.-based Yengst and Associates, said Doosan was likely the victim of a down economy, but also burdened by the debt it took on when it purchased Bobcat from Ingersoll Rand in 2007. To finance its $4.9-billion acquisition of Bobcat - the largest overseas purchase by a South Korean company in the country's history, according to media reports - Yengst said Doosan piled about $4 billion of that purchase onto Bobcat. As long as the company continued producing its skid-steer loaders and mini-excavators at peak levels, that debt would not affect Bobcat, he said”

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