Pittsburgh-based A. Stucki Company, a rail industry supplier, recently purchased Alabama-based Wheelworx, a railcar wheelset reconditioning services provider, for an undisclosed amount.
The company is in the process of creating a plan that will maintain production capabilities and customer service during the ownership transition while creating opportunities for employees in both businesses.
“This acquisition strengthens our capabilities in wheel set production, repair and logistics and enables us to capitalize on our longstanding relationships with railcar suppliers,” Ron Port, A. Stucki Co. CEO, said “The addition of Wheelworx opens new commercial opportunities and enhances our ability to provide end-to-end solutions to our railcar customers. It also makes us competitive in additional locations in the South and Midwest.”
Wheelworx employs 105 people at manufacturing facilities in Alabama and Illinois.
“Joining an industry leader like Stucki will benefit our company and our employees,” Gary Schoenfeldt, Wheelworx president, said. “We’re looking forward to serving our rail customers with greater capabilities and a broader line of products and services.”
A. Stucki Company provides engineered products, reconditioning and repair services, and maintenance of way services. It operates more than a dozen companies via 23 operating centers in the United States, Mexico and Brazil. A group of investors led by Stellex Capital Management owns the company.