DALLAS, Sept. 24 /PRNewswire-FirstCall/ -- Trinity Industries, Inc. announced today that its subsidiary, Transit Mix Concrete & Materials Company, has sold a group of its assets in the Texas Rio Grande Valley to an undisclosed buyer. Included in the sale were four ready mix concrete facilities.
"The sale represents Trinity's exit from the Rio Grande Valley concrete market," said Mark W. Stiles, Trinity Senior Vice President and Group President of the Company's Construction, Energy, Marine, and Components Group. "This transaction reflects a realignment of our focus to markets that are better suited to our business model."
The sale was made for cash and the purchase price was not disclosed. Revenues from the assets sold represent approximately $17 million per year.
Trinity Industries, Inc., headquartered in Dallas, Texas, is a holding 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: http://www.trin.net/.
