Chicago, Ill.-based FreightCar America, Inc. on Dec. 22 reported completing the acquisition of Carly Railcar Components, a move that will strengthen its “aftermarket distribution business with a focus on running-repair components” and offer customers “reduced lead times and a larger catalog of ready-to-ship railcar components.” Financial terms were not disclosed. Founded in 1995, Carly Railcar Components distributes OEM railcar components and operates a core-exchange program for reconditioned parts. The company, with offices in Pennsylvania and Texas, serves repair shops, railroads, private car owners and other industrial customers. FreightCar America Parts, based in Pennsylvania, has an inventory of railcar replacement parts, including specialty fabricated sub-assemblies for all freight car types (regardless of the original builder), such as open top hoppers, covered hoppers, auto carriers, gondolas, intermodal flat cars, and boxcars. “Carly Railcar Components brings highly complementary capabilities that strengthen our position in the railcar aftermarket,” said Nicolas Randall, President and CEO of FreightCar America, a designer, producer, and supplier of freight cars and railcar parts and components that also specializes in railcar repairs, complete railcar rebody services, and railcar conversions. “Carly Railcar Components’ long-standing presence in component distribution and its established regional footprint, including a Houston-area facility in Orange, Tex., enhances our ability to serve customers with greater speed, reliability, and product availability. This acquisition advances our strategic initiatives to build complementary capabilities that deliver enhanced value to our customers.” “We are excited to welcome Carly Railcar Components to the FreightCar America platform,” added Mike Riordan, Vice President, Chief Financial Officer…
