Covia Sells Winchester and Western Railroad to OmniTRAX

Covia announced that it has executed a definitive agreement to sell its Winchester and Western Railroad (W&W) to an affiliate of OmniTRAX Inc. for total proceeds of $105.0 million in cash, subject to certain adjustments set forth in the definitive agreement. As part of the transaction, OmniTRAX will assume ownership of approximately 470 railcars, which the W&W currently owns.

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Bunting Rebrands

On Aug. 3, Bunting Magnetics Co. celebrated its 60th anniversary as a company. Since being founded in 1959, Bunting Magnetics Co. has grown from a small company in Chicago, to a growing global force with multiple locations in the United States as well as abroad. Bunting Magnetics Co. has acquired several different companies over the years, and in celebration of the 60th anniversary…

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