RAILAMERICA SUBSIDIARY BUYS CANADIAN FIRM

RAILAMERICA SUBSIDIARY BUYS CANADIAN FIRM

Rail- America Inc. said its truck trailer manufacturing unit purchased Fabrex Inc., a Canadian trailer builder, for a total price of $3 million.

The purchase by RailAmerica's Kalyn/Siebert Inc. subsidiary included $2 million in cash and stock and $1 million debt assumption.Fabrex, whose manufacturing facility is in Trois Rivieres, Quebec, builds aluminum trailers, while Kalyn/Siebert builds equipment for both government and commercial customers.