By: Benzinga
Greenbrier in Deal with Timken, Exiting Wheelset Roller Bearing Reconditioning Business
The Greenbrier Companies, Inc. (NYSE: GBX ) announced today it has entered an asset purchase agreement with The Timken Company (NYSE: TKR ) for sale of substantially all the equipment utilized in Greenbrier's reconditioned wheelset roller bearing operations in Elizabethtown, Kentucky ("Elizabethtown"). Concurrent with the sale, Greenbrier will enter into a long-term supply
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