The Greenbrier Cos., Inc., Lake Oswego, Ore., closed on the previously reported acquisition of a 19.5% ownership stake in Brazilian railcar manufacturer Amsted-Maxion Hortolandia for approximately $15 million. Greenbrier can acquire an additional 40.5% ownership interest, to be exercised no later than Sept. 30, 2017.
Amsted-Maxion Hortolandia will use Greenbrier's strategic investment to pay down outstanding debt and position the company for future growth. Amsted-Maxion Hortolandia is said to hold an estimated 70% annual market share in the South American railroad freight car market.