Strong returns spur investor’s sale of Rocla Tie to German rail specialist
- Published: Tuesday, 21 February 2017 15:12
- Written by Concrete News
Vossloh AG of Werdohl, Germany, has closed on Denver-based Rocla Concrete Tie Inc., the leader in prestressed concrete railroad and turnout ties for Class I, commuter passenger, transit authority and industrial lines. Seller Altus Capital Partners II L.P., a Wilton, Conn., private equity firm, had held Rocla Concrete since mid-2013.