Trinity industries, inc. announces the acquisition of holden america

Dallas--( business wire )--trinity industries, inc. (nyse:trn) (“trinity”) today announced the acquisition of holden america (“holden”) for an initial purchase price of $70 million with an additional minimum of $5 million per year for the next two years. this acquisition of holden, a manufacturer of market-leading multi-level vehicle securement and protection systems, gravity-outlet gates, and gate accessories for freight rail in north america, provides trinity a market-leading bi-level chock system. along with trinity's existing tri-level chock system, this acquisition strengthens trinity's position as the leading manufacturer of autoracks in north america and allows the company to take advantage of an improving automobile end market.
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