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Rail News: M&A
Lucas Oil Rail Lines Inc. recently acquired the eight-mile Louisville, New Albany & Corydon Railroad. Lucas Oil Rail is a newly formed subsidiary of Lucas Oil Products Inc., which manufactures petroleum additives and oils, and operates a blending and bottling plant in Corydon, Ind.
The short line’s employees will work part time at the railroad and part time at the Corydon plant. Serving southern Indiana since 1883, the short line interchanges with Norfolk Southern Railway near Corydon.
“The purchase of the railroad will keep our company in Corydon, as well as several other companies, and will make it possible for additional companies to locate here that would need the service of a railroad,” said Lucas Oil Products President and Chief Executive Officer Forrest Lucas in a prepared statement.
5/30/2006
Rail News: M&A
Lucas Oil Products subsidiary purchases Indiana short line
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Lucas Oil Rail Lines Inc. recently acquired the eight-mile Louisville, New Albany & Corydon Railroad. Lucas Oil Rail is a newly formed subsidiary of Lucas Oil Products Inc., which manufactures petroleum additives and oils, and operates a blending and bottling plant in Corydon, Ind.
The short line’s employees will work part time at the railroad and part time at the Corydon plant. Serving southern Indiana since 1883, the short line interchanges with Norfolk Southern Railway near Corydon.
“The purchase of the railroad will keep our company in Corydon, as well as several other companies, and will make it possible for additional companies to locate here that would need the service of a railroad,” said Lucas Oil Products President and Chief Executive Officer Forrest Lucas in a prepared statement.
