American Industrial Transportation Inc.

AITX Acquires The Andersons, Inc. Railcar Leasing Unit for $0.55B, Cash

The 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.

Introducing AITX™ Railcar Leasing and Repair

American Industrial Transport™ Inc. (AITX™) is the new name and brand of the railcar leasing and repair business of the former ARI (American Railcar Industries), whose railcar manufacturing division was acquired by The Greenbrier Cos. from ITE Management LP (ITE) in July 2019.