Trinity Industries Announces Agreement to Sell Its Railcar Repair Business And Formation of Strategic Supply Relationship With Rescar, Inc.
Posted: Sep 02, 2008 05:00:54
Trinity Industries, Inc., a leading industrial manufacturing company, today announced the signing of an agreement with Rescar, Inc. whereby Rescar will purchase Trinity Industries' existing railcar repair facilities for cash and enter into a supply agreement for a portion of the railcar repair work required by Trinity's other railcar related businesses. Terms of the transaction were not disclosed. Rescar, Inc. is a privately held company that offers maintenance services to companies that own and/or lease railcars. Services include mechanical repair, exterior painting, interior coating and cleaning. Rescar has a nationwide network of 100+ service locations in the US and ...