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AITX Acquires The Andersons, Inc. Railcar Leasing Unit for $0.55B, Cash
Written by William C. Vantuono, Editor-in-ChiefThe Andersons, Inc. has sold its railcar leasing business to American Industrial Transport, Inc. (AITX) for approximately $550 million in cash, and also intends to sell off its remaining railcar repair business, including 29 U.S. facilities, as part of a “strategic decision” to jettison all its railcar interests and focus on its agricultural businesses, which include commodity trading, ethanol and plant nutrient sectors.