Koch Industries seeks STB approval to acquire Texas South-Eastern

Koch Industries Inc. recently filed a notice of exemption with the Surface Transportation Board to acquire indirect control of the Texas South-Eastern Railroad Co.

The transaction is part of an agreement through which Koch subsidiary Georgia-Pacific Building Products will purchase from International Paper Co. certain assets associated with Temple-Inland Inc.'s building products business. Koch expects to consummate the transaction on or shortly after Feb. 1. International Paper in December reached an agreement to sell its Temple-Inland building products division to Georgia-Pacific L.L.C. for $750 million.

Koch currently directly or indirectly controls four other short lines in Kansas, Mississippi and Texas: Blue Rapids Railway Co. L.L.C.; KM Railways L.L.C.; Old Augusta Railroad L.L.C.; and Moscow Camden and San Augustine Railroad L.L.C.

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Source: http://www.progressiverailroading.com/short_lines_regionals/article/Koch-Industries-seeks-STB-approval-to-acquire-Texas-SouthEastern--34848

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