Greenbrier acquires majority interest in Turkish railcar builder
Greenbrier's presence in Turkey, through its interest in Rayvag, continues its pursuit of growth by accessing global freight markets.
The Greenbrier Cos., Inc., Lake Oswego, Ore., completed an agreement between Rayvag Vagon Sanayi ve Ticaret A.S., Turkey, and Greenbrier's European subsidiary, Greenbrier-AstraRail, to take an approximately 68% ownership stake in the railcar manufacturer and provider of railcar repair and parts services.
Asim Suzen, founder, will continue to serve Rayvag as managing director.