Business Services Industry
Two equipment companies come under new ownership.
Logistics Management & Distribution Report, October, 2001
Two transportation equipment companies are changing hands. The first transaction involves the holding company Berkshire Hathaway Inc., which says it will acquire transportation equipment-leasing company XTRA Corp. Berkshire Hathaway of Omaha, Neb., will buy XTRA Corp. of Westport, Conn., for about $590 million in cash. It will become part of the holding company controlled by investor Warren Buffett.
XTRA leases truck trailers and cargo containers. It claims to operate 280,000 pieces of transportation equipment throughout the world with an asset value of about $1.5 billion. XTRA conducts its North American equipment-leasing operation through its XTRA Lease and XTRA Intermodal divisions. The company's marine container assets are managed by Textainer Equipment...
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