Trinity Industries, Inc. : Announces the $40 Million Acquisition of the Assets of Armstrong Bros. Holding Co.
12/14/2012| 04:05pm US/Eastern
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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
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