September 30, 2008
Bucyrus and Hensley Sign Distribution Agreement
SOUTH MILWAUKEE, Wis., Sept. 30, 2008 (GLOBE NEWSWIRE) -- Bucyrus International, Inc. (Nasdaq:BUCY) and Hensley Industries, Inc. announced today that they have entered into a Supply and Distribution Agreement for Brazil. Under the terms of the agreement Bucyrus will install Hensley's line of hammerless ground engaging tools on its electric rope shovels and walking draglines sold in Brazil, as well as support the sale of Hensley's products to the Brazilian aftermarket. Other markets could be added in the near future. Both companies look forward to expanding their relationship as global partners for the sale and distribution of hammerless ground engaging systems which offer safe, productive, and cost efficient solutions for earth moving equipment.
About Bucyrus International, Inc.Bucyrus is a world leader in the design and manufacture of high productivity mining equipment for the surface and underground mining industries. Bucyrus' surface mining equipment is used for mining coal, copper, iron ore, oil sands and other minerals. Bucyrus' underground mining equipment is used primarily for mining coal and also used in mining minerals such as potash and trona. In addition to machine manufacturing, Bucyrus manufactures high quality OE parts and provides world-class support services for their machines. Bucyrus' corporate headquarters is located in South Milwaukee, Wisconsin, USA.
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Special Note Regarding Forward-Looking Statements
This press release contains statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by the use of predictive, future tense or forward-looking terminology, such as "believes,""anticipates,""expects,""estimates,""intends,""may,""will" or similar terms. You are cautioned that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and that actual results may differ materially from those contained in the forward-looking statements as a result of various factors, some of which are unknown. Bucyrus' policy on forward-looking statements, including a list of factors that could cause actual results to differ materially from those anticipated in forward-looking statements, as well as risk factors relating to Bucyrus are included in Bucyrus' 2007 Form 10-K filed with the Securities and Exchange Commission on February 29, 2008 and any other cautionary statements described in other reports filed by Bucyrus with the Securities and Exchange Commission. All forward-looking statements attributable to Bucyrus are expressly qualified in their entirety by the foregoing cautionary statements. Bucyrus undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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CONTACT: Bucyrus International, Inc. Kent B. Henschen - Director, Corporate Communications 414.768.4626 [email protected] www.bucyrus.com