Texas Company Acquires Indiana Manufacturer
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowA unit of Dallas-based Trinity Industries Inc. (NYSE: TRN) has acquired an Indiana industrial gas tank and semi-trailer manufacturer. Alloy Custom Products Inc. is based near Lafayette. The company was founded in 1992 in the Carroll County community of Flora. It moved to Reynolds in White County in 1994 and to the location near Lafayette in 1998. January 31, 2014
News Release
DALLAS — 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.
Source: Trinity Industries Inc.