ARI: Sale of St. Charles company's manufacturing assets closes for $410M

The sale of St. Charles-based American Railcar Industries' manufacturing business closed Friday for about $410 million, according to buyer The Greenbrier Cos. Inc. ITE Management LP had agreed in April to sell certain assets of American Railcar Industries (ARI). New York-based ITE Rail Fund, which is managed by ITE Management LP, took American Railcar Industries (ARI) private in a $1.75 billion deal that closed in December. The $410 million paid by Greenbrier consisted of about $360 million in...