Trinity Industries, Inc. (TRN) said Friday that it has acquired the assets of Forjas Metálicas, S.A. de C.V. for a purchase price of about $23 million plus assumption of certain specific liabilities.
Formet, headquartered in Monterrey, Mexico, designs, manufactures and sells galvanized and corrugated steel products for the electricity transmission and highway products markets.
"The acquisition of Formet builds upon Trinity's strategy to become a premier, diversified industrial company by acquiring complementary product portfolios that generate internal synergies and enhance returns," said William A. McWhirter II, Trinity Industries Senior Vice President and Construction, Energy, and Inland Barge Group President.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.