WASHINGTON (dpa-AFX) - Trinity Industries, Inc. (TRN) said Friday that it has acquired the assets of Forjas Metálicas, S.A. de C.V. for a purchase price of about $23 million plus assumption of certain specific liabilities.
Formet, headquartered in Monterrey, Mexico, designs, manufactures and sells galvanized and corrugated steel products for the electricity transmission and highway products markets.
'The acquisition of Formet builds upon Trinity's strategy to become a premier, diversified industrial company by acquiring complementary product portfolios that generate internal synergies and enhance returns,' said William A. McWhirter II, Trinity Industries Senior Vice President and Construction, Energy, and Inland Barge Group President.
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