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The company, led by Donald Croteau, took over a former crane manufacturing facility in 2014, with a promise to create 1,342 jobs.
Vertex constructed aggregate hoppers and a variety of tank cars and, in 2015, entered into a joint venture agreement to eventually sell a half-ownership in the company to Chinese investors led by an entity that became China Railway Rolling Stock Corp., the world’s largest railcar builder.
Donald Croteau. Railway Age photo by Stuart Chirls
The company was entangled in ongoing legal disputes, according to reports, and had a total of 221 employees as of 2016 but that number had dwindled.
Croteau did not immediately return messages.
Another report said company officials announced the pending closure to employees.
Hopper car under construction at Vertex Railcar Corp., July 2017. Railway Age photo by Stuart Chirls
The post Vertex Railcar to close its doors appeared first on Railway Age.
This article first appeared on www.railwayage.com
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