Trinity Industries Acquires Certain Assets Of Southern Star Concrete
January 12, 2004
Dallas, Tx.Trinity Industries, Inc. (NYSE:TRN) announced today the acquisition of certain assets of Southern Star Concrete by its subsidiary, Transit Mix Concrete & Materials Company. Terms were not disclosed. The assets purchased complement Trinity’s existing market positions in West Texas, East Texas, and certain Arkansas markets.
“This acquisition and four other recent, smaller acquisitions are expected to add approximately $40 million in top line growth to our concrete and aggregates business for 2004,” said Mark Stiles, Group President of Trinity’s Construction Products Group. “These acquisitions also demonstrate our continued strategy of growth in our concrete and aggregates business by acquisitions in small to medium size markets. The other recent acquisitions include concrete operations in Ennis, Weatherford and Big Spring, Texas and an aggregate operation on the border between Oklahoma and Texas. We are pleased that we will have the opportunity to better serve our customers,” added Stiles.
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