Alleghany (Y) Unit Acquires Assets of Bussman Medical & Research

November 16, 2016 8:31 AM EST

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Alleghany Capital Corporation ("Alleghany Capital"), a subsidiary of Alleghany Corporation, announced that R.C. Tway Company, LLC ("Kentucky Trailer") has acquired select assets of Bussman Medical & Research ("Bussman"). Based in the Netherlands, Bussman specializes in the design and construction of modular solutions for the healthcare industry, including standard and hybrid operating theaters, endoscopy units, dialysis units, maternity suites, and pharmacies.

Gary A. Smith, Sr., President and Chief Executive Officer of Kentucky Trailer, commented, "The addition of the Bussman assets expands our existing capabilities in the mobile medical market and complements our acquisition of Smit Mobile Equipment ("Smit") in late 2015." Gerben Smit, Smit's Managing Director, added, "As a result of this transaction, we will be able to provide more integrated and comprehensive solutions to our European and global customers, while leveraging the manufacturing expertise Smit has built over the last 200 years."

David Van Geyzel, President and Chief Executive Officer of Alleghany Capital, stated, "This transaction will strengthen Smit's position in the global mobile and modular healthcare market and is consistent with Kentucky Trailer's strategy in its Specialty Vehicles segment. Alleghany Capital is pleased to support Kentucky Trailer as the company continues to execute on its bolt-on acquisition strategy."

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