The Andersons Inc. has signed an agreement to purchase FreightCar America Inc.'s rail-car facility in Danville, Illinois. The Andersons' goal is to turn the former freight-car manufacturing plant into a full-service freight and tank rail-car repair shop, company officials said in a press release. At the updated facility, the Andersons Rail Group will provide rail-car repair, painting, blasting, cleaning, tank-car certification and scrapping. The new plant will be the rail group's 21st U.S. shop. Situated along the CSX network, the 308,000-square-foot facility can store up to 400 rail cars.
Carboline Co. has acquired Strathmore and American Coatings. A manufacturer of high-performance coatings primarily for the rail industry, Strathmore in 2014 acquired American Coatings, which provides interior and exterior coatings to industrial manufacturers, contractors, tank builders, floor coating applicators and equipment owners. Strathmore will remain a stand-alone brand within Carboline, according to a company press release. Financial details of Carboline's acquisition of Strathmore weren't disclosed.
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