Wabtec buys cooling system maker Unifin for $93M
Wabtec acquires cooling systems manufacturer Unifin from Koch Chemical for $93 million
- On 10:19 am EDT, Friday October 2, 2009
WILMERDING, Pa. (AP) -- Railcar systems maker Wabtec Corp. said Friday it has acquired cooling systems manufacturer Unifin International for $93 million.
Unifin, which was owned by Koch Chemical Technology Group LLC, has annual sales of about $45 million, Wabtec said. The company has about 100 employees in one facility in the U.S. and two in Canada.
Shares of Wabtec fell 12 cents to $36.45 in morning trading on Friday, along with the broader market.
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