Greenbrier takes majority interest in Brazilian rail car builder

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LAKE OSWEGO, Ore. — Greenbrier Cos. has acquired a majority interest in a leading South American railcar manufacturer.

On Tuesday, Greenbrier annouced it now was the majority owner of Amsted-Maxion Equipamentos E Serviços Ferroviários S.A in Brazil. The acquisition means Greenbrier-Maxion now produces 70 percent of the rail cars in that country.

"We are pleased to grow our presence in the emerging Latin American rail market with an increased stake in Greenbrier-Maxion and Amsted-Maxion Cruzeiro as we extend our partnership with Amsted Rail and Iochpe-Maxion," says William A. Furman, Greenbrier chairman and CEO. "Greenbrier-Maxion, with strong leadership and access to innovations from its U.S. investors, Greenbrier and Amsted, is well-positioned to provide leading railcar manufacturing, design and aftermarket services to Brazil, other Latin American markets, and beyond."

NEWSWIRETrains News Wire

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