CHICAGO — Railcar manufacturer FreightCar America has acquired parts distributor Carly Railcar Components, the companies announced today.
Family-owned Carly Railcar Components, founded in 1995, distributes original-equipment components and operates a core-exchange program for remanufactured parts. Headquartered in Irwin, Pa., it also has a location in Orange, Texas.
FreightCar America says the acquisition strengthens its aftermarket distribution business, with a focus on running-repair components.
“Carly Railcar Components brings highly complementary capabilities that strengthen our position in the railcar aftermarket,” FreightCar America CEO Nicholas Randall said in a press release. “CRC’s long-standing presence in component distribution and its established regional footprint, including a Houston-area facility in Orange, Texas, enhances our ability to serve customers with greater speed, reliability and product availability.” Added Mike Riordan, chief financial officer and treasurer, “Combining their capabilities with our commercial and supply chain excellence will allow us to deliver exceptional value to our customers, while at the same time allowing us to realize meaningful operational improvements across the combined network.”
More on Carly Railcar Components is available at its website.
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