Trinity Industries, Inc. Reaches Agreement to Acquire Certain Assets of DMI Industries, Inc.

Trinity Industries, Inc.

announced today that it has entered into definitive agreements with Otter Tail Corporation to purchase certain property, plant and equipment of DMI Industries, Inc. for a purchase price of approximately $20 million. The assets to be acquired consist primarily of approximately 665,000 square feet of heavy manufacturing capacity and equipment located in North Dakota, Oklahoma, and Ontario, Canada. The Ontario facility acquisition closed today. Trinity will take possession of the property, plant, and equipment in the remaining facilities in two separate closings which are both expected to close in the fourth quarter. “I am pleased with this opportunity to expand our manufacturing capacity at a very attractive valuation,” said Timothy R.