Chattanooga, TN-based The Heil Co. is buying Kalyn/Siebert LP,RailAmerica's discontinued specialty truck trailer manufacturingsubsidiary, which is located about 90 miles northwest of Austin.The disposition is part of a strategy by RailAmerica, based in BocaRaton, FL., to reduce debt via the sale of non-core assets. Thesale will close in about 30 days, subject to regulatory approval.The investment banking firm of ING Barings, LLC has representedRailAmerica in the deal.
Kalyn/Siebert is a leading manufacturer of high-quality,heavy-duty customized truck trailers for commercial and U.S.government/military customers. The sale does not include theaffiliate operation, Kalyn/Siebert Canada Inc., located inTrois-Rivieres, Quebec, Canada.
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