Amsted Rail Buys AirBoss Railway Products

 AirBoss of America Corp. has sold the operating and related assets of its railway track fastening business to Amsted Rail Company. The new business will continue to operate under its trade name of AirBoss Railway Products.

AirBoss said that it did not consider the Kansas City-based track fastening business to be a core part of its main polymer products business and that AirBoss Railway Products represented about 5 percent of its consolidated sales. Cash proceeds from the sale were $6 million, subject to closing adjustments and other provisionsInflatable Ball.