Trinity Industries announced the acquisition of Holden America for an initial purchase price of $70M with an additional minimum of $5M 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. The acquisition closed on December 30, 2022 and is not expected to be material to Trinity’s results. Trinity will retain all of the employees of Holden as part of the transaction.
Published first on TheFly
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