USA based Greenbrier is slated to exercise its option to increase its share in Brazil based Amsted-Maxion Equipamentos E Serviços Ferroviários (also known as Greenbrier-Maxion) from 19.5% to 60% for sum of $20MM.
According to the press release by Greenbrier, the $20 million investment will be used to retire debt at Greenbrier-Maxion thereby reducing interest payments by $4 million annually. Also The purchase option dates to May 2015 when Greenbrier obtained its initial 19.5% ownership of Greenbrier-Maxion.
About Amsted-Maxion Equipamentos e Servicos Ferroviarios (Greenbrier-Maxion)
Amsted-Maxion Equipamentos e Servicos Ferroviarios manufactures and sells freight railway wagons. The company was incorporated in 2014 and is based in Sao Paulo, Brazil.
About GreenbrierThe Greenbrier Companies designs, manufactures, and markets railroad freight car equipment in North America and Europe. Its Manufacturing Segment offers double-stack intermodal railcars; tank cars; auto-max railcar, and multi-max auto rack and flat cars for automotive transportation; conventional railcars, such as boxcars, covered hopper cars, center partition cars, bulkhead flat cars, and solid waste service flat cars; and pressurized tank cars, non-pressurized tank cars, coil cars, coal cars, gondolas, sliding wall cars, and automobile transporter cars; and marine vessels, including conventional deck barges, double-hull tank barges, railcar/deck barges, barges for aggregates, and other heavy industrial products and dump barges.
The Greenbrier Companies was founded in 1974 and is headquartered in Lake Oswego, Oregon, USA.
Source: – Greenbrier’s Press Release