Trinity Industries, Inc. Announces Further Expansion of its Aggregates
Business and Divestiture of its Concrete Business
DALLAS -- December 04, 2012
Trinity Industries, Inc. (NYSE:TRN) announced today that its subsidiary,
Trinity Materials, Inc., has entered into an agreement to acquire certain
aggregates operations of Texas Industries, Inc. (“TXI”) that are located in
Texas, Colorado, and California. The transaction is expected to close before
year-end and is subject to customary closing conditions. Further details
regarding the transaction will be provided upon closing.
As part of the transaction, Transit Mix Concrete and Materials Company, also a
subsidiary of Trinity Industries, Inc., will transfer to TXI its remaining
ready mix operations located in the East Region of Texas and parts of
Arkansas. Once this transaction is complete, Trinity will no longer own any
ready-mix concrete businesses.
“The transaction with TXI is a continuation of our strategy to focus on the
aggregates side of our business. We have been repositioning the Construction
Products segment to align with products that have more consistent demand
drivers,” said William A. McWhirter II, Trinity Industries, Inc. Senior Vice
President and Construction, Marine, and Parts & Components Group President.
“We expect the transaction to be slightly accretive but will not have a
material impact on Trinity’s ongoing consolidated financial results. We remain
positive on the underlying infrastructure and construction markets driving
long-term demand for aggregates.”
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 L. Greiner, 214-631-4420
Director of Investor Relations
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