WILMERDING, Pa., June 17, 2015 (GLOBE NEWSWIRE) -- Wabtec Corporation (NYSE:WAB) has acquired Metalocaucho, a European-based manufacturer of transit products, primarily rubber components for suspension and vibration control systems. Based in northern Spain, the company has annual sales of about $25 million.
Metalocaucho provides a variety of rubber-to-metal components used mainly on high-speed, inter-city and metro passenger transit cars. Its customers include original equipment manufacturers and transit agencies throughout Europe, and in China and India.
Raymond T. Betler, Wabtec’s president and chief executive officer, said: “Metalocaucho expands our geographic footprint in key markets with key customers and broadens our existing portfolio of specialty rubber components. We see opportunities to grow the business by integrating its products into our distribution channels, especially in North America, and by leveraging its existing customer relationships.”
Metalocaucho has about 100 employees, with facilities in Spain, China and India.
Wabtec Corporation is a global provider of value-added, technology-based products and services for rail and other industrial markets. Through its subsidiaries, the company manufactures a range of products for locomotives, freight cars and passenger transit vehicles. The company also builds new switcher and commuter locomotives, and provides aftermarket services. The company has facilities located throughout the world.