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Stock Market & Financial Investment News

News Breaks
December 4, 2012
17:07 EDTTRN, TXITrinity Industries subsidiary acquires certain operations of Texas Industries
Trinity Industries (TRN) announced that its subsidiary, Trinity Materials has entered into an agreement to acquire certain operations of Texas Industries (TXI) that are located in Texas, Colorado, and California. The transaction is expected to close before year-end. Further details regarding the transaction will be provided upon closing. As part of the transaction, Transit Mix Concrete and Materials Company, also a subsidiary of Trinity Industries will transfer to Texas Industries its remaining ready mix operations located in the East Region of Texas and parts of Arkansas. Once this transaction is complete, Trinity will no longer own any ready-mix concrete businesses.
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