Wabtec has bought brake rigging component manufacturer Schaefer Equipment for $US 36 million.(United States)

From: International Railway Journal | Date: November 1, 2006 | Copyright information

Wabtec has bought brake rigging component manufacturer Schaefer Equipment for ...

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Wabtec has bought brake rigging component manufacturer Schaefer Equipment for $US 36 million.(United States)
International Railway Journal ; Wabtec has bought brake rigging component manufacturer Schaefer Equipment for $US 36 million. Ohio-based Schaefer has annual sales of around $US 30 million.
Barry L. Anderson is the new v.p./general manager for Schaefer Equipment.(NEWSMAKER NOTES ...)
Forging ; Barry L. Anderson is the new v.p./general manager for Schaefer Equipment, which produces forged brake rigging components for freight cars
Wabtec.(Supply Briefs)(Wabtec Corp acquires Schaefer Equipment, Inc)(Brief article)
Railway Age ; Wabtec Corp. has acquired Schaefer Equipment, Inc., a manufacturer of forged brake rigging components for freight cars, for $36 million in cash, Based in Warren, Ohio, Schaefer has annual sales of about $30 million.
SCHAEFFER EQUIPMENT.(receives M1003 certification)(Brief Article)
Railway Age ; SCHAEFFER EQUIPMENT, a manufacturer of carbon and low alloy steel forgings like foundation brake rigging components, truck parts, and miscellaneous car parts for new construction and maintenance of freight cars, recently received M1003 certification for quality assurance.
Composites are catching on: manufacturers of composites are seeing better test results from their products and more acceptance throughout the railway industry.(Industry Overview)
Railway Age ; The rail industry's roots are firmly planted in steel and other metals that have supplied it with great volumes of freight plus the materials for building infrastructure and equipment. Sturdy as those roots are, some suppliers are optimistic that composite materials have a future in this metallic
AAR draws nearer to an ECP standard. (Association of American Railroads and electronically-controlled pneumatic braking program - ECP)
Railway Age ; Researchers have laid out an ambitious, multi-step program with the goal of putting a pure ECP train in revenue service. The bottom-linc goal for the Association of American Railroads' ECP (electronically-controlled pneumatic) braking program in 1998 will be to establish a pure ECP train in revenue
MPI acquires two companies. (MotivePower Industries buys two railroad suppliers, Jomar Industries Inc and Microphor Inc, for about $12 mil)(Brief Article)
Railway Age ; MotivePower Industries is on an acquisition track again, picking up two closely-held railway suppliers -- Jomar Industries, Inc., and Microphor, Inc. -- for approximately $12 million in cash. The two acquisitions had 1997 sales of about $18 million. Jomar Industries is a manufacturer of locomotive
Double-stack wheel wear tests. (includes related articles)
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Profits keep rail maker scoping overseas
Tribune-Review/Pittsburgh Tribune-Review ; Sales and profits at Wabtec Corp. are at record levels, and the company generated more than $150 million cash last year that could be used in acquisitions, the company's chief executive said Wednesday. Last year, Wabtec spent $88.2 million in cash on two acquisitions that allowed it to expand in