Member access

4-Traders Homepage  >  Shares  >  Nyse  >  Trinity Industries Inc    TRN   US8965221091

SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Trinity Industries, Inc. : Announces the $40 Million Acquisition of the Assets of Armstrong Bros. Holding Co.

12/14/2012 | 04:05pm US/Eastern

Trinity Industries, Inc. (NYSE:TRN) today announced that through a wholly-owned subsidiary it has acquired the assets of Armstrong Bros. Holding Co., a Michigan-based manufacturer and lessor of trench shields and shoring equipment for the underground construction industry. The purchase price for the assets was approximately $40 million and includes net working capital, rental fleet assets, associated manufacturing and operational facilities, and certain patents and trademarks. The assets will be reflected in the Construction Products segment for financial reporting purposes.

"We are excited about the opportunity to further expand the product offerings and customer base for the Construction Products business in the North American infrastructure-related market," said William A. McWhirter II, Trinity Industries, Inc. Senior Vice President and Construction, Marine, and Parts & Components Group President. "This transaction represents further progress in repositioning the Construction Products segment to align with products that have more consistent demand drivers."

Trinity Industries, Inc., headquartered in Dallas, Texas, is a diversified industrial company that owns a variety of market-leading businesses which provide products and services to the industrial, energy, transportation, and construction sectors. Trinity reports its financial results in five principal business segments: the Rail Group, the Railcar Leasing and Management Services Group, the Inland Barge Group, the Construction Products Group, and the Energy Equipment Group. For more information, visit: www.trin.net.

Trinity Industries, Inc.
Jessica Greiner, 214-631-4420
Director of Investor Relations


© Business Wire 2012
React to this article
Latest news on TRINITY INDUSTRIES INC
01/29 TRINITY : Announces Date for Earnings Release
01/28 TRINITY : NYSE:TRN) Investor Alert: Investigation over Possible Securities Laws ..
01/14 TRINITY : Release of Waybill Data
01/11 TRINITY : Highway Products Provides Progress Update on ET Plus System Testing
01/09 TRINITY : Highway Products Provides Progress Update on ET Plus® System Testing
01/08 TRINITY : Patent Issued for Hopper Cars with One Or More Discharge Control Syste..
01/02 TRINITY : INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swi..
2014 TRINITY : Missouri at center of highway guardrail safety debate
2014 TRINITY : ET-Plus Guardrail End Terminal
2014 TRINITY : "System and Method for Powered Railcar Doors" in Patent Application Ap..
Advertisement
Chart
Duration : Period :
Trinity Industries Inc Technical Analysis Chart | TRN | US8965221091 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF