NEW YORK, Nov. 16, 2016 /PRNewswire/ -- Alleghany
Capital Corporation ("Alleghany Capital"), a subsidiary of
Alleghany Corporation, today announced that R.C. Tway Company, LLC
("Kentucky Trailer") has acquired select assets of Bussman Medical
& Research ("Bussman"). Based in the Netherlands, Bussman specializes in the
design and construction of modular solutions for the healthcare
industry, including standard and hybrid operating theaters,
endoscopy units, dialysis units, maternity suites, and
pharmacies.
Gary A. Smith, Sr., President and
Chief Executive Officer of Kentucky Trailer, commented, "The
addition of the Bussman assets expands our existing capabilities in
the mobile medical market and complements our acquisition of Smit
Mobile Equipment ("Smit") in late 2015." Gerben Smit, Smit's
Managing Director, added, "As a result of this transaction, we will
be able to provide more integrated and comprehensive solutions to
our European and global customers, while leveraging the
manufacturing expertise Smit has built over the last 200
years."
David Van Geyzel, President and
Chief Executive Officer of Alleghany Capital, stated, "This
transaction will strengthen Smit's position in the global mobile
and modular healthcare market and is consistent with Kentucky
Trailer's strategy in its Specialty Vehicles segment.
Alleghany Capital is pleased to support Kentucky Trailer as the
company continues to execute on its bolt-on acquisition
strategy."
About Alleghany Capital Corporation
Alleghany Capital Corporation sources, executes, and oversees
certain investments and acquisitions for its parent company,
Alleghany Corporation (NYSE:Y). Alleghany Capital's
investments include: (i) Bourn & Koch, Inc., a manufacturer of
precision machine tools and a supplier of replacement parts,
cutting accessories, and services for a variety of cutting
technologies; (ii) IPS-Integrated Project Services, LLC, a
technical service provider focused on the global pharmaceutical and
biotechnology industries; (iii) Jazwares, LLC, a licensed toy and
consumer electronics company; (iv) R.C. Tway Company, LLC (dba
Kentucky Trailer), a manufacturer of custom trailers and truck
bodies for the moving and storage industry and other markets; and
(v) Stranded Oil Resources Corporation, an exploration and
production company focused on enhanced oil recovery. For
additional information about Alleghany Capital Corporation, please
visit www.alleghanycc.com.
About R.C. Tway Company, LLC
R.C. Tway Company, LLC is the parent company of four operating
divisions: (i) Kentucky Trailer Manufacturing (KTM), which designs,
builds and manufactures custom trailers and truck bodies for the
moving and storage, snack food, package delivery and logistics
industries as well as other niche markets; (ii) Kentucky Trailer
Services (KTS), which delivers complete repair, reconditioning,
paint, graphics, and other services for truck bodies, drop frames
and expandables; (iii) Kentucky Trailer Specialty Vehicles (KTSV),
which designs, builds and services trailers and custom specialty
vehicles for mobile medical, television/broadcast,
military/government, mobile marketing, motorsports and other niche
markets; and (iv) Kentucky Trailer Finance (KTF) which provides the
company's customers rental, lease and financing options for select
products and markets. For more information, please visit
www.kytrailer.com.
About Bussman Medical & Research
Bussman Medical and Research, based in the Netherlands, is an established design,
build, and installation provider of complex modular solutions to a
wide variety of markets with a special emphasis on the healthcare
sector. For more information, please visit www.bussman-mr.com.
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SOURCE Alleghany Corporation