Massy sells Trinidad Caterpillar business for US$16 million

Conglomerate, Massy Holdings Ltd has announced the sale of its Caterpillar (CAT) line of business in Trinidad and Tobago for US$16 million and expects to record a loss on the sale of US$9.8 million. In a notice to the Jamaica Stock Exchange, the company said Massy Machinery Limited, through which the CAT business operates, entered into an asset purchase agreement on September 29, 2026, with Machinery Corporation Motors Limited (MACORP), a locally registered subsidiary of Machinery Corporation of America, Inc.