Trinity Industries (TRN) Unloads Ready-Mix Concrete Businesses

December 4, 2012 5:12 PM EST
Trinity Industries, Inc. (NYSE: TRN) announced today that its subsidiary, Trinity Materials, Inc., has entered into an agreement to acquire certain aggregates operations of Texas Industries, Inc. that are located in Texas, Colorado, and California. The transaction is expected to close before year-end and is subject to customary closing conditions. 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, Inc., will transfer to TXI 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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