Trinity Industries, Inc. Announces the Acquisition of Seaboard Railcar Repair

  Trinity Industries, Inc. Announces the Acquisition of Seaboard Railcar
  Repair

Business Wire

DALLAS -- November 4, 2013

Trinity Industries, Inc. (NYSE:TRN) today announced that its subsidiary,
Trinity Railcar Repair, Inc., has acquired the assets of Seaboard Railcar
Repair (“Seaboard”). Seaboard provides a full range of services for both tank
and freight railcars ranging from standard maintenance and program
modifications to specialized cleaning, blasting, lining, painting, inspection
and testing. The transaction includes the acquisition of two maintenance
facilities located in Oklahoma and North Carolina with access to a number of
major railroad interchanges. The assets and results of operations of this
acquisition will be reflected in the Rail Group for financial reporting
purposes.

“As a longstanding, key customer of Seaboard Railcar Repair, we have a deep
respect for the quality of services and maintenance capabilities provided by
this company,” said D. Stephen Menzies, Trinity Industries, Inc. Senior Vice
President and the group president responsible for Trinity’s railcar
manufacturing and leasing businesses. “This transaction supports the growth of
our lease fleet and the associated maintenance and regulatory compliance
required as the fleet ages.”

Trinity’s leasing company has been a customer of Seaboard, representing a
large portion of its business. The associated revenue and profit will be
eliminated in consolidation, and the acquisition will not have a material
impact on Trinity’s consolidated financial results.

Trinity Industries, Inc., headquartered in Dallas, Texas, is a diversified
industrial company that owns market-leading businesses which provide products
and services to the energy, transportation, chemical 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.

Contact:

Trinity Industries, Inc.
Jessica Greiner, 214-631-4420
Director of Investor Relations
 
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