24.04.2019
Artikel Nummer: 27401
Acquisition enlarges railcar manufacturing footprint
Greenbrier (GBRX) has entered into an agreement to acquire the manufacturing business of American Railcar Industries (ARI) for USD 400 million. The acquisition will diversify GBRX's US manufacturing presence and broaden its product offerings with the addition of complementary designs.
GBRX will acquire two railcar manufacturing facilities in Arkansas and five other operations that provide a range of railcar component and parts supply. These operations build hopper car outlets, tank car valves, axles, castings and railcar running boards, among other ancillary railcar products. Greenbrier expects the deal to close in this year. (ben)