The Greenbrier Companies, Inc. announced that it has closed on the previously announced acquisition of a 19.5% ownership stake in Amsted-Maxion Cruzeiro for USD 10 million. Amsted-Maxion Cruzeiro will use Greenbrier’s strategic investment to pay down outstanding debt and position the company for future growth.
Based in Cruzeiro, Brazil, Amsted-Maxion Cruzeiro is a manufacturer of castings and components for railcars and other heavy equipment. Amsted-Maxion Cruzeiro serves a broad range of transportation equipment markets throughout Latin America. It also supplies components for heavy equipment used in agriculture, mining and other industrial applications. Net sales of Amsted-Maxion Cruzeiro totaled approximately $100 million in calendar 2015.
In addition to Greenbrier, Amsted-Maxion Cruzeiro is owned by Amsted Rail Brasil and Iochpe-Maxion S.A., each holding 40.25% of the company.
Share on:
