Bloomberg the Company

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Trinity to Buy ABB’s Meyer Steel Unit for $600 Million

Don't Miss Out —
Follow us on:

June 27 (Bloomberg) -- Trinity Industries Inc. agreed to buy ABB Ltd.’s Meyer Steel Structures unit for about $600 million as the Swiss company sells assets acquired in the purchase of Thomas & Betts Corp. that don’t fit its portfolio.

The unit is based in Memphis, Tennessee and employs more than 1,100 people, Zurich-based ABB said in a statement today. Trinity said it expects to complete the purchase in the third quarter and pay with cash on hand.

JPMorgan Chase & Co. advised Trinity and K&L Gates acted as legal counsel. ABB bought Thomas & Betts in 2012.

To contact the reporter on this story: Thomas Mulier in Geneva at

To contact the editors responsible for this story: James Boxell at Kim McLaughlin