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11/17/2006



Rail News: M&A

Global Railway's G & B Specialties acquires ESSCO's rail gear line



Earlier this week, Global Railway Industries Inc. President and Chief Executive Officer Terry McManaman said the firm’s improving finances had positioned the company to resume a growth strategy calling for product line expansions and acquisitions. Chalk one up for acquisitions.

Yesterday, Global Railway announced subsidiary G & B Specialties Inc. acquired ESSCO’s rail-gear product line, including all patents, designs, drawings and equipment.

ESSCO supplies rail gear for heavy duty trucks weighing up to 60,000 pounds. Because G & B offers rail gear for light- and medium-duty trucks, the deal will enable the company to market a complete product line, Global Railway said.

"We estimate the heavy duty rail-gear market in North America to be about $10 million in sales annually," said McManaman in a prepared statement.

Through subsidiaries Bach-Simpson Corp. and Prime Railway Services, Global Railway also supplies event recorder monitoring/control systems, train speedometers, track and signal components, and rail-car doors and replacement parts.


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