• 1,135 rail cars added to VTG's fleet
  • Takeover further diversifies VTG's portfolio 
Hamburg - VTG Rail Inc. has acquired the fleet of American rail car leasing company Redwood Rail in a move that will add 1,135 rail cars to its fleet, enlarging it to about 5,200. VTG also assumed the associated leases as well as Redwood Rail's existing customer relationships. "For us, acquiring the fleet is an important strategic step that will further strengthen our position in the US market," says Chris Schmalbruch, President of VTG Rail. "Having purchased the Sumitomo fleet of around 2,450 rail cars at the end of 2011, we are very pleased to have found another investment that is an excellent fit for us and complements our portfolio."  The rail cars it inherited from Redwood Rail further diversified the buyer's portfolio. In particular, freight cars for the transportation of grain, cement, sand, plastics products and logs have been transferred to VTG. Taking over the existing leases means that, at the same time, VTG has acquired important new customers. These include two class I railroads as well as a global commodities company.