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Rail News Home Rail Industry Trends

3/26/2003



Rail News: Rail Industry Trends

Trinity, Rescar terminate rail-car repair transaction


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The deal is off. On March 25, Trinity Industries Inc. announced it won't sell its rail-car repair business to Rescar Inc. because "the original agreement was contingent upon a number of factors, which did not come to fruition," according to a prepared statement. Both parties agreed to terminate negotiations.


In December, the companies reached an agreement under which Trinity would sell 16 car-repair facilities in 12 states to Rescar and the two suppliers would form a strategic supply relationship.


This deal would have enabled Trinity Rail to focus on its core businesses of designing, manufacturing, leasing and managing rail cars. Trinity Rail now plans to continue operating its car-repair network.


Privately held Rescar offers maintenance services to companies that own or lease rail cars, including mechanical repairs, exterior painting, and interior coating and cleaning.












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