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Article: Genesee & Wyoming to Acquire Railroads from Georgia-Pacific Corp.; Genesee & Wyoming Schedules Conference Call to Discuss Acquisitions.
- Article from:
- PR Newswire
- Article date:
- December 19, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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GREENWICH, Conn., and ATLANTA -- Dec. 19 /PRNewswire-FirstCall/ -- Georgia-Pacific Corp. and Genesee & Wyoming Inc. (GWI) today announced they have signed an agreement for GWI to acquire three short- line railroads from Georgia-Pacific for $55.6 million.
In conjunction with the acquisition, GWI has entered into a 20-year agreement to provide rail transportation service to Georgia-Pacific facilities currently served by these railroad operations.
GWI will acquire the Chattahoochee Industrial Railroad (CIRR), the Arkansas Louisiana & Mississippi Railroad Company (ALM), and the Fordyce & Princeton Railroad Company (F&P). For the 12 months ended Sept. 30, ...