DALLAS -- (Business Wire)
Trinity Industries, Inc. (NYSE:TRN) announced today that its subsidiary,
Trinity Materials, Inc., has closed its previously announced agreement
to acquire certain aggregates operations of Texas Industries, Inc.
(“TXI”) located in Texas, Colorado, and California and TXI’s DiamondPro®
In exchange for these assets, Transit Mix Concrete and Materials
Company, also a subsidiary of Trinity Industries, Inc., has transferred
to TXI its remaining ready mix operations located in the East Region of
Texas and parts of Arkansas, representing the full divestiture of its
ready-mix concrete business. As a result of the expected closing,
financial results for the ready-mix operations were accounted for as a
discontinued operation in the Company’s latest financial statements
dated as of December 31, 2012.
“I am pleased to complete this transaction with TXI and build on our
efforts to reposition the Construction Products Group. Our repositioning
strategy centers around products that have more consistent demand
drivers and offer greater opportunities for improved returns,” said
William A. McWhirter II, Trinity Industries, Inc. Senior Vice President
and Construction, Energy, and Inland Barge Group President.
Trinity Industries, Inc., headquartered in Dallas, Texas, is a
diversified industrial company that owns a variety of market-leading
businesses which provide products and services to the industrial,
energy, transportation, 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.
Trinity Industries, Inc.
Jessica L. Greiner, 214-631-4420
of Investor Relations
Source: Trinity Industries, Inc.
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