Greenbrier’s stock looks strong after South America expansion


The Lake Oswego-based railcar manufacturing company made an agreement for 19.5 percent of Amsted-Maxion Hortolandia.

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The Lake Oswego-based railcar manufacturing company made an agreement for 19.5 percent of Amsted-Maxion Hortolandia.

Greenbrier paid $15 million for the share. It also has an option to acquire an additional 40.5 percent ownership interest in the company by 2018.

Greenbrier’s shares exploded upon the market’s open, rising by 10 percent in early trading to $54-plus. Some of the fervor relates to the company’s quarterly report, in which Greenbrier reported a record backlog and a $1.01 earnings-per-share levels. Greenbrier released the report this morning.

Read more at the Portland Business Journal.