Voestalpine acquires US railway component manufacturing company

Monday, 30 March 2009 17:31:35 (GMT+3)   |  
       

VAE Nortrak North America (VAE Nortrak), a subsidiary of Austria's largest steelmaker Voestalpine Group, has acquired the assets of Leading Edge Enterprises of Decatur, Illinois, which will operate under the VAE Nortrak banner.

Voestalpine sees this transaction as an important strategic step in strengthening its ability to serve North America's freight and transit rail sectors.

Leading Edge's complementary product offering will enhance Voestalpine's position as North America's leading supplier of high-quality components for the rail track. The transaction also gives VAE Nortrak the ability to supply domestically produced railway and transit components "from the heart of the US Midwest."


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