Wabtec Corporation has announced the acquisition of Workhorse Rail LLC, a supplier of engineered freight car components. The company supplies components mainly for the aftermarket and has annual sales of approximately $35 million.
“Workhorse Rail brings an excellent reputation, strong engineering capabilities and new products to our portfolio,” said Raymond T. Betler, Wabtec’s president and CEO. “In addition, we believe Wabtec’s geographic presence and aftermarket footprint will provide opportunities to expand Workhorse Rail’s customer base in North America and globally.”
Workhorse Rail supplies freight car couplers, knuckles and related parts to several Class I railroads and freight car manufacturers. The company sells primarily in the North American aftermarket.