Progress Rail Services acquires Haynes Corp.
Written by William C. Vantuono, Editor-in-Chief
Progress Rail Services Corp., a Caterpillar company, has acquired Haynes Corp., a manufacturer of precision diesel fuel injection systems for heavy-duty engines.
Haynes Corporation products include fuel injection pumps, injector assembles, nozzle assemblies, delivery valves, plungers and barrels, electronic injectors and contract manufacturing.
Progress Rail President and CEO Billy Ainsworth said, “We are pleased to have Haynes join the Progress Rail family. This acquisition is a good strategic fit to expand our offering of locomotive OEM service parts, as Haynes Corporation focuses on high quality, innovative solutions that help meet and exceed EPA expectations for emissions while generating fuel savings.”
“We offer a wide range of new replacement OEM parts for locomotive, marine and power generation products,” added Progress Rail Senior Vice President Marc Buncher. “Through this acquisition, Progress Rail shows our commitment to providing innovative solutions to the rail and power products markets.”
