Trinity Industries, Inc. Announces the Acquisition of Alloy Custom Products,
DALLAS -- January 31, 2014
Trinity Industries, Inc. (NYSE:TRN) today announced that its subsidiary has
acquired the assets of Alloy Custom Products, Inc. (“Alloy”). Alloy is based
near Lafayette, Indiana and manufactures and repairs cryogenic transportation
products including cryogenic tanks and semi-trailers that store and transport
LNG and other industrial gases. Initial annual revenues are expected to be in
the range of approximately $25 to $30 million.
“Our acquisition of Alloy Custom Products expands our product offering in the
cryogenics containers market within our Energy Equipment Group,” said William
A. McWhirter II, Trinity Industries, Inc. Senior Vice President and
Construction, Energy, and Inland Barge Group President. “Alloy fits nicely
with our portfolio of companies. They broaden our engineering and
manufacturing capabilities as well as expand our geographic footprint within
the cryogenic containers market. As a result of the energy renaissance
occurring in North America, we are seeing increasing demand opportunities to
provide cryogenic storage and transportation products,” added Mr. McWhirter.
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.
Some statements in this release, which are not historical facts, are
“forward-looking statements” as defined by the Private Securities Litigation
Reform Act of 1995. Forward-looking statements include statements about
Trinity's estimates, expectations, beliefs, intentions or strategies for the
future, and the assumptions underlying these forward-looking statements.
Trinity uses the words “anticipates,” “believes,” “estimates,” “expects,”
“intends,” “forecasts,” “may,” “will,” “should,” and similar expressions to
identify these forward-looking statements. Forward-looking statements involve
risks and uncertainties that could cause actual results to differ materially
from historical experience or our present expectations. For a discussion of
such risks and uncertainties, which could cause actual results to differ from
those contained in the forward-looking statements, see “Forward-Looking
Statements” in the Company's Annual Report on Form 10-K for the most recent
Trinity Industries, Inc.
Jessica L. Greiner, 214-631-4420
Director of Investor Relations
Jack Todd, 214-589-8909
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