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.
Some statements in this release, which are not historical facts, are “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements about Trinity's estimates, expectations, beliefs, intentions or strategies for the future, and the assumptions underlying these forward-looking statements. Trinity uses the words “anticipates,” “believes,” “estimates,” “expects,” “intends,” “forecasts,” “may,” “will,” “should,” and similar expressions to identify these forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from historical experience or our present expectations. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see “Forward-Looking Statements” in the Company's Annual Report on Form 10-K for the most recent fiscal year.