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Meridian Rail born from ABC-NACO assets. (North America).


The private equity firms Three Cities


The Three Cities is a collective description of the three fortified cities of Cospicua, Vittoriosa, and Senglea on the Island of Malta, which are enclosed by the massive line of fortification created by the Knights of St John, the Cottonera Lines.
 Research, Inc. (TCR TCR

T cell receptor.
), New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
, and Cerebus have purchased all the former U. S., European and Chinese operating assets Operating Assets

Another term for working capital.
 of ABC-NACO, Lombard, Illinois, and formed a new company, Meridian Rail Corp., Lombard.

According to Meridian Rail, as a result of the investments made by TCR and Cerebus and the effects of the reorganization proceedings, the new company begins business with a strong balance sheet and financing capacity to support its future.

Meridian Rail has organized itself into five businesses: Meridian Rail Services, Meridian Rail Track Products, Meridian Rail Products, Meridian Rail Europe and Meridian Rail Arms. These businesses will focus on designing, engineering and manufacturing freight railcar, locomotive and passenger suspension systems, coupler Refers to a myriad of different types of sockets for plugging in electric or electronic cables or devices. See network coupler.  systems, wheels and specialty track products.

According to Meridian Rail, "These individual businesses are creating cost-effective solutions to answer our customers' competitive needs. Our management teams have been working to ensure a smooth transition for our customers, suppliers and employees."

As previously announced, ABC-NACO and its U.S. subsidiaries voluntarily filed for reorganization under Chapter 11.
COPYRIGHT 2002 American Foundry Society, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Comment:Meridian Rail born from ABC-NACO assets. (North America).
Publication:Modern Casting
Article Type:Brief Article
Geographic Code:1USA
Date:Mar 1, 2002
Words:175
Previous Article:Dynacast adds Chinese facility. (North America).(Brief Article)
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