In December 1997 Trico was sold to EVI of Houston. In 1986, PACCAR signed a merger agreement with Trico Industries, Inc., and became a recognized world leader in manufacturing oil field pumps and accessories. Located approximately 65 miles north of Seattle, the multimillion-dollar center underscored the Company's commitment to technical excellence, quality and value in the products it manufactures. PACCAR's new Technical Center opened in July of 1982. A year later, PACCAR became a European truck manufacturer with the acquisition of Foden Trucks in Sandbach, U.K. PACCAR Leasing Corporation was formed in 1980 to offer full-service leasing and rental programs through PACCAR's dealer network. PACCAR International Inc., with headquarters in Bellevue, Washington, was formed to consolidate the sales and service of company products abroad, and PACCAR Parts Division was established in Renton to supply aftermarket parts sales. In 1973, two major divisions of PACCAR were founded. During Kenworth Australia's 35 year history in Australia, it has become a major manufacturing force in the Australian, New Zealand and Papua New Guinea markets.īelieving "Pacific Car and Foundry Company" no longer accurately reflected the Company's products and activities, directors and shareholders voted to adopt PACCAR Inc as its new name in 1972. Construction plans were drawn up and by 1970, the 56,000 sq ft factory and office complex was completed to produce trucks initially on a CKD (Completely Knocked Down) basis. In 1969, 28 acres of land were purchased at suburban Bayswater - 30 kms east of Melbourne for Kenworth Australia. In 1967 the Dynacraft division was formed to provide belts, hoses, adapters, and other accessories for Kenworth and Peterbilt truck plants. de C.V., and in 1966 PACCAR entered the Australian truck market with the establishment of a Kenworth Truck assembly plant near Melbourne.Īlso in 1960, Carco Acceptance Corporation, currently PACCAR Financial Corp., was launched to facilitate domestic sales of trucks. Kenworth moved into Mexico with 49 percent participation in an affiliate company, Kenworth Mexicana S.A.
In 1960, PACCAR became an international truck manufacturer. Later, it played a major part in the construction of the Grand Coulee Dam's third powerhouse as well as New York City's World Trade Center. The Company's Structural Steel Division fabricated the steel for the construction of the Space Needle for the 1962 Seattle World's Fair.
That same year, the acquisition of Dart Truck Company permitted its entry into the entirely new market of mining vehicles. Pacific Car and Foundry greatly expanded its heavy-duty truck capability with the purchase of Peterbilt Motors Company in 1958. The Company entered the heavy-duty truck market in 1945 with its first major acquisition, Kenworth Motor Truck Company of Seattle.
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