Alstom is adding a 135,000 square-foot manufacturing facility on Shawmut Park Drive in Hornell, New York, to produce stainless steel rail car shells. The $50 million investment will support a contract to supply up to 500 commuter rail cars to Metra in Chicago.
METRA Group's Canadian subsidiary METRA Aluminum Inc. completed the acquisition of the former Pexal plant in Alma, Quebec, from insolvency, to produce over 6,000 tons/year of aluminum extrusions.
Metra S.p.A. has completed the acquisition of Rustici S.p.A., a manufacturer of aluminum structural components for the rail industry based in Pistoia, Italy. This is Metra's second acquisition since being acquired by KPS Capital Partners in July 2021.
KPS Capital Partners signed a definitive agreement to acquire Siderforgerossi Group, a global manufacturer of large-diameter forged products, from its current owners. Siderforgerossi operates nine manufacturing sites in Italy and three in India.
KPS Capital Partners signed a definitive agreement to acquire Crown Holdings' EMEA food, aerosol and promotional packaging business for EUR 2.25 billion, with Crown keeping a 20% stake. Closing is expected in the third quarter of 2021.
Alstom was awarded a contract by Metra to manufacture up to 500 rail cars in Hornell, with a base order of 200 cars and options for 300 more, creating 250 new jobs.