Trinity Industries, Inc. (NYSE:TRN, Financial) (“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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