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Slide #34. Trinity Industries, Inc. — WesMor Cryogenic Companies
Trinity Industries, Inc. (NYSE:TRN)
WesMor Cryogenic Companies
Trinity Industries, Inc. (NYSE:TRN) today announced that it has acquired the assets of WesMor Cryogenic Companies ("WesMor") through a newly formed subsidiary. WesMor specializes in the manufacturing, repair, and rehabilitation of cryogenic containers that store and transport LNG and other industrial gases with initial expected annual revenues of approximately $25 million. The transaction includes the acquisition of a manufacturing facility in La Porte, Texas and three service facilities located in La Porte; Slidell, Louisiana; and Port Washington, Ohio.
Trinity Industries is a provider of railcar products and services in North America. Co. has the following reportable segments: Railcar Leasing and Management Services Group, which provides operating leases for freight and tank railcars, as well as originates and manages railcar leases for third-party investors and provides fleet maintenance and management services to industrial shippers; Rail Products Group, which manufactures freight and tank railcars in North America used for transporting a variety of liquids, gases, and dry cargo, and also provides a range of maintenance services and solutions; and All Other, which includes Co.'s highway products business.
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Buy (2.80 out of 4)