Tuesday, December 15, 2009

Québec Firm to Acquire Tangent Rail Corporation

Stella-Jones Inc. announced today that it has signed a non-binding letter of intent to acquire Tangent Rail Corporation (“Tangent”), a provider of wood cross-tie supply chain services to the railroad industry. This acquisition will expand Stella-Jones’ capabilities within the U.S. railway tie industry and provide the Company with creosote manufacturing operations. Stella-Jones is based in Saint-Laurent, Québec, Canada.

Tangent serves the railroad industry with treated wood products, mainly railway ties, through facilities located in Warrior, Ala.; Terre Haute and Winslow, Ind.; Alexandria, La. and McAlisterville, Penn. The wood preservative, creosote, is produced at its distilleries in Terre Haute, Ind., and Memphis, Tenn.


No comments: