Trinity Industries separates from infrastructure-related business

November 1, 2018 By    

Trinity Industries completed the separation of its infrastructure-related business, Arcosa Inc.

Arcosa is a growth-oriented manufacturer of infrastructure-related products and services with positions in construction, energy and transportation markets. The company manufactures a full line of steel pressure vessel products, including above- and below-ground domestic propane tanks for residential and commercial applications, large-scale storage tanks for energy containment and processing, specialized anhydrous ammonia vessels for the agricultural market, tank barrels for the truck and transport markets, as well as autogas dispensing tanks.

“Today marks an exciting day for the future of Trinity Industries and our history of evolutionary growth,” says Timothy R. Wallace, Trinity’s chairman, CEO and president. “We applaud all of our employees for their energy and enthusiasm in achieving this important milestone. The spirit in which they approached their individual contributions to the separation is testament to our core values of flexibility, collaboration and dedication to excellence.”

Trinity says it will focus on its integrated rail manufacturing, leasing and services businesses while continuing to operate its highway products and logistics businesses.

“I look forward to focusing our attention and resources on growth initiatives in the North American railcar industry while optimizing our capital structure to support our operational and financial objectives,” says Wallace. “Trinity’s history of expanding its products and services gives me a great deal of confidence in our ability to continue to improve, expand and grow the company’s footprint in the North American railcar industry.”

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Joe McCarthy was an associate editor at LP Gas Magazine.

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