Friday, October 09, 2009

Unit Rail acquires Advanced Track Products

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Unit Rail, the rail fastening division of Amsted Rail, has acquired Advanced Track Products., a leading provider of fasteners in the rail transit market.

“This is a strategic addition for Unit Rail,” the acquiring company said. “ATP’s products resiliently support the rail or track structure as well as provide electrical isolation. Whether the application is ballasted or ballastless, ATP has a solution for at-grade, in-tunnel, in-street, and structures. These products have demonstrated high performance and ruggedness with more than 20 years of service. From transit/commuter to HAL freight, the addition of ATP’s line of products allow Unit Rail to now offer solutions for use in the transit/commuter markets, whereas our previous focus was exclusively on the world’s freight markets.”  

The acquisition of ATP, based in Mattituck, N.Y., will continue to broaden the product line currently offered by Unit Rail, which includes fasteners for all tie types as well as all tonnage and speed requirements.

“The joining of these two companies will provide customers with a solid and stable supplier of top quality products for all aspects of the rail industry,” said Wes Hodges, vice president and general manager, Unit Rail.

ATP President Bill Osler will continue running ATP with Scott Osler. The company will remain headquartered in its current location, “making the process nearly seamless for current customers.”

“Advanced Track Products sees this partnership as an opportunity for Amsted Rail to provide support for the growth of the ATP product line, with ATP sharing its considerable experience from the transit fastening market,” said Bill Osler.