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February 10, 2014
13:46 EDTTRNTrinity Industries acquires Platinum Energy Services
Trinity Industries announced that it has acquired the assets of Platinum Energy Services through a newly formed subsidiary. Platinum, based in Alberta, Canada, manufactures and resells oil and gas process and storage equipment, including various types of containers, separators, and treaters used at the well-site and in midstream locations. The company operates out of two leased facilities in Calgary and one owned facility in Redcliff, Alberta. Initial annual revenues are expected to be in the range of approximately $40M-$45M. The assets and results of operations for the Platinum acquisition will be reflected in the Energy Equipment Group for financial reporting purposes.
News For TRN From The Last 14 Days
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March 24, 2015
09:01 EDTTRNStephens to hold an investor trip
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March 13, 2015
11:27 EDTTRNTrinity Industries announcement today a positive, says Wells Fargo
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10:44 EDTTRNTrinity Industries says ET Plus passes all eight FHWA requested crash tests
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March 12, 2015
14:10 EDTTRNTransport Canada announcement positive for railcar suppliers, says Wells Fargo
Wells Fargo said Transport Canada's announcement of a tank car safety proposal may mean all tank cars in service there may become "essentially obsolete," meaning no retrofits, after 2025. The firm views the regulator's first announcement as benefiting all of the rail suppliers it covers and maintains Outperform ratings on Greenbrier (GBX), Trinity Industries (TRN), and Wabtec (WAB).

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