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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®...

CHICAGO--(BUSINESS WIRE)--Ellcon National, 100% owned subsidiary of Faiveley Transport, and Amsted Rail, world leading manufacturer for undercarriage rail components for the freight market, announce the creation of a joint venture. “This new joint venture is strategically important because it will enable heavy haul railcar customers to purchase complete systems with a wider range of components from a single supplier” said Robert Joyeux, Chairman & Chief Executive Officer of Faiveley Transport....

CHICAGO--(BUSINESS WIRE)--Amsted Rail officials are considering reopening their Alabama wheel manufacturing facility in Jefferson County. The company has recently held discussions with representatives from Birmingham Business Alliance, Alabama Development Office, Jefferson County Commission, Jefferson County Economic Industrial Development Authority, Birmingham Industrial Development Board, and the City of Birmingham in an effort to resume manufacturing, which was suspended in 2001.“The market for...

On October 1, 2010, Faiveley Transport USA and Amsted Rail finalized a joint venture, Amsted Rail – Faiveley LLC, based in Greenville, South Carolina. This new joint venture had been previously announced in July 2010.Faiveley Transport (Paris:LEY) brings to this new company a wide range of AAR-approved braking equipment for the freight-car market, as well as its related assets and experience in engineering, project management, and industrial manufacturing. These assets were previously held by its...