Purchase expected to close in August, with railcar repair shop to be operational in fourth quarter of 2018.
August 13, 2018
The Andersons Inc. recently announced that it has signed an agreement to purchase the Danville Railcar Facility in Danville, Illi., from FreightCar America Inc. The company intends to turn the former freight car manufacturing plant into a full-service freight and tank railcar repair shop.
The 308,000 sq. ft. facility is situated along the CSX rail transportation network and can store up to 400 railcars. From the facility, The Andersons Rail Group will provide a wide range of services, including railcar repair, painting, blasting, cleaning, tank car certification and scrapping. Danville will be the Rail Group’s 21st shop in the U.S. and is strategically located in the high-volume Midwest rail transportation corridor.
“We are excited to add the Danville facility to our repair network,” said Sam Anderson, vice president of operations at The Andersons Rail Group. “The purchase helps support our strategy of providing quality repairs and outstanding service to rail shippers, railroads and railcar leasing companies across the U.S.”
The purchase is expected to close in August 2018. The Andersons expects the repair shop to be operational in the fourth quarter of 2018.
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