Trinity Industries (TRN) acquires the assets of Armstrong Bros. Holding, a Michigan-based...

|About: Trinity Industries Inc. (TRN)|By:, SA News Editor

Trinity Industries (TRN) acquires the assets of Armstrong Bros. Holding, a Michigan-based manufacturer of trench shields and shoring equipment for the underground construction industry, for approximately $40M, which includes net working capital, rental fleet assets, associated manufacturing and operational facilities, and certain patents and trademarks. The assets will be reflected in TRN's Construction Products segment for financial reporting purposes.