Wabtec completes purchase of G&B Specialties
Wabtec Corporation has
completed the acquisition of G&B Specialties, Inc., from Global Railway
Industries Ltd. for about $35 million. On July 14, Wabtec said that it had
signed an agreement to acquire G&B Specialties and Bach-Simpson Corporation
from Global Railway Industries for about $45 million. The Bach-Simpson
acquisition is expected to be completed by Oct. 31. Wabtec expects the
transactions to be accretive in the first year.
