Monkstown facility is purchased by Tyrone-based firm

The move comes as Caterpillar NI continues the relocation of operations from their Monkstown site to their facility in Larne.

It is understood that by the end of September this year, CDE will take possession of the building and add the latest fabrication and painting equipment required to build the components necessary for their worldwide sales operations.

With demand anticipated to double by the end of 2020, this additional facility will complement the existing Northern Ireland supply base and enhance employment in the Monkstown area, where a tradition of engineering has existed for many years.

The plant extends to over 300,000 square feet and is ideal for the fabrication of complex equipment.