Jennmar has announced its purchase of Vossloh's track, tie and rail accessory inventory from Atlantic Track.
Along with all mining inventory, Jennmar has purchased all machinery necessary to support Vossloh's current mining business, which consists of rail, tie and rail straightening capabilities.
The company aims to continue Vossloh's work and to service the mining industry with a suite of products for rail haulage and transportation. The acquisition was led by Michael Calandra, Executive Vice President of Frank Calandra Inc, while Peter Hughes, President and CEO of Atlantic Track, helped to expedite the process.
Calandra commented: "We will continue to offer the same services with enhanced resources and capabilities. This will not affect or delay any current business. We will honour all existing PO's that were issued to Vossloh Track Materials prior to 1 January 2020. One of our Jennmar Sales Representatives will be visiting your location in the near future. Thank you for your business and patience in this transition."
Read the article online at: https://www.globalminingreview.com/finance-business/06012020/jennmar-purchases-vossloh-mine-and-rail-assets/
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