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National Railway Equipment Co. June 19 announced it recently acquired the assets of locomotive remanufacturer VMV Enterprises Inc., which in April ceased production because the company had been losing business for several years.
National Railway Equipment plans to operate VMV as a stand-alone company under its umbrella and hire a number of workers to reopen VMV's Paducah, Ky., plant.
VMV will help bolster National Railway Equipment's presence as a worldwide supplier of remanufactured locomotives and after-market locomotive parts, said President Jim Fisk in a prepared statement.
Illinois Central Railroad in 1927 established the VMV plant, which has direct access to Paducah and Louisville Railway Inc., and connections to Burlington Northern Santa Fe, Canadian National Railway Co., CSX Transportation, Norfolk Southern Railway and Union Pacific Railroad.