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Rail News Home M&A

1/4/2006



Rail News: M&A

Portec Rail's U.K.-based subsidiary acquires conveyor firm's assets


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Portec Rail Products Inc. subsidiary Portec Rail Products (UK) Ltd. recently acquired a portion of Kaybe (Conveyors) Ltd.’s assets for $115,000. Portec Rail plans to integrate the assets — which include inventory and equipment, and Kaybe’s brand name and customer list — into the United Kingdom-based subsidiary’s material-handling equipment business in Leicester, England.

“The Kaybe assets will help bolster our overall material handling product line offerings,” said Gary Bale, managing director of Portec Rail Products (UK), in a prepared statement.

Portec Rail supplies rail joints, anchors and spikes; railway friction management products; wayside data collection and data management systems; and load securement systems.