Member access

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

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:

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

© Business Wire 2012
React to this article
03/24 TRINITY : Lendio : Raises $20.5 Million to Advance Small Business Loan Marketpla..
03/22 TRINITY : Highway Updates that ET Plus System Passes 8 NCHRP Report 350 Tests
03/22 TRINITY : Highway Products Says ET Plus System Passes All 8 NCHRP Report 350 Tes..
03/19 TRINITY : Elects Corporate Vice President
03/18 TRINITY : Highway Products Says ET Plus System Passes All 8 NCHRP Report 350 Tes..
03/18 TRINITY : Highway Reports ET Plus System Passes 8 NCHRP Report 350 Tests
03/17 TRINITY : Highway Products ET Plus System Passes All Eight Tests
03/17 TRINITY : Elects Corporate Vice President
03/16 TRINITY : ATTENTION: Long-Term Investors Who Hold NYSE:TRN Shares: Investigation..
03/13 TRINITY : Highway Products ET Plus® System Passes All Eight NCHRP Report 350 Tes..
Duration : Period :
Trinity Industries Inc Technical Analysis Chart | TRN | US8965221091 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes