5/17/2011
CHICAGO, IL.--(BUSINESSWIRE) -- Amsted Rail, the world’s leading manufacturer for undercarriage and end-of-car railcar components, announces the acquisition of Holland, L.P.’s Hollube® Wear Eliminator product line.
“This acquisition is strategically important because it provides our customers the option to include key wear prevention components as part of their Amsted Rail Truck and End-of-Car System purchases,” said Brad Myers, Vice President of Sales & Marketing for Amsted Rail. “Holland’s Hollube® Wear Eliminator products are a natural fit to our system solutions due to the enhanced railcar performance and overallincrease in the life cycle cost of an Amsted equipped railcar,” said William O’Donnell, Senior Vice President of Sales and Marketing, forAmsted Rail.
“The sale of the Hollube® Wear Eliminator product line will enable our organization to concentrate its efforts on engineered solutions involving our growing load securement and product protection product lines. This includes our recent new product introductions, namely our automatic inter-box connector for double stack containers (IBC) and our vehicle chock system for auto-racks (VRS), both of which are patent pending,” said Leonard O’Kray, Group Vice President for Holland, L.P.
The agreement to acquire the Hollube® Wear Eliminator product line will be finalized on May 27th, 2011. After this date, all orders and shipments will be initiated through Amsted Rail Customer Service located in Granite City Illinois.
About Amsted Rail Company, Inc.
Amsted Rail Company is the world’s leading manufacturer of undercarriage rail car components for heavy haul freight rail cars. The company focuses on providing complete system solutions, such as: rail car truck & braking systems (trucks/bogies, wheels, bearings, axles, hand brakes, slack adjusters, empty/load devices, truck mounted brakes, brake cylinders, truck mounted brake rigging) and end of car energy management systems (couplers, yokes, draft gears, cast draft sills, cushioning units) for heavy haul railways around the world. In addition, Amsted Rail Company provides rail fastening solutions and asset monitoring (GPS & Condition Based Monitoring) solutions for transit and heavy haul rail. www.amstedrail.com. Contact: Brad A. Myers, Vice President – Marketing, Amsted Rail, bmyers@amstedrail.com.
About Holland L.P.
Holland, L.P. headquartered in Crete, Illinois, is a diversified supplier of contract services and products for both the Mechanical & Maintenance of Way departments within the railroad and transportation industry. Products include Rail Welding Services, Track Testing Services, Product Protection (vehicle chock system, load snugger systems, door edge protection, cross bar liners), Load Securement (low profile locks, automatic twistlocks, inter-box connectors, chain assemblies), Rail Car Cleaning, Mobile Rail Car Repair (mobilize to the work), Rail Car Prepping Service, Transloading Services, Rail Equipment Design and Manufacturing, and Rail Facility Design and Construction.
www.hollandco.com Contact: Leonard O’Kray, Group Vice President, Holland L.P. lokray@hollandco.com.