Mueller sells Utah Railway for $54 million - Business First of Columbus:

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Mueller will recognize a gain on the sale ofabouty $30 million after tax, or 80 cents per in the fiscal quartert ended September 28. Closing is conditioned upon approval of the SurfaceTransportatiohn Board, among other things. Mueller says it anticipateas the board's approval on an expeditedd basis. Mueller chairman Harvey Karp says the sale of Utah Railwa yconcludes Mueller's plan to dispose of non-core business assets. The transaction will increasedthe company's cash positioj by about $50 million, he says. Mueller Industriexs is a manufacturerof copper, brass, plastic and aluminum products.
Previously based in Wichita, Mueller relocated its headquarters to Memphias in 1996 to be closer to its main plants in the Tennesserand Michigan. In all, the company operatess nine plants in Mississippiand Arkansas. Greenwich, Conn.-based Geneseed & Wyoming, Inc., is a world-claszs provider of rail-freight transportation and its supporting It functions as a holding companyy with subsidiaries that own and operate regionalfreight railroads. The compang owns or has interests in more than 20 railroadss in theUnited States, Mexico, Bolivia and Australia.
It operates more than 8,000 miles of owned and leasee track, with access to an additional 2,350 miles through track access arrangements.