ABC-NACO Inc., incorporated in 1987, is a supplier of technologically advanced products and services to the freight railroad industry through its two core business segments, Rail Products and Rail Services and Systems. With four technology centers around the world supporting its business segments, the Company holds market positions in the design, engineering and manufacture of high-performance freight railcar, locomotive and passenger rail suspension and coupler systems, wheels and mounted wheel sets and specialty track products. Until the sale of the Signal Group within the Rail Services and Systems segment in February 2001, the Company also supplied freight, railroad and transit signaling systems and services. In late 2000, the Company discontinued the operations of its Flow and Specialty Products segment, and is actively pursuing the sale of these businesses. This segment primarily supplied steel and high-alloy valve and related castings for industrial flow-control systems. In October 2001, the Company and its United States subsidiaries filed voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code. This filing does not include the Company's subsidiaries or joint ventures in Canada, Mexico, Scotland, Sweden, Portugal or China. In January 2002, the Company sold substantially all of its assets to TCF Railco Acquisition LLC. Rail Products In its Rail Products segment, the Company designs, produces and assembles the major undercarriage components for freight car systems. The segment designs, manufactures and supplies products that primarily relate to freight car trucks, locomotive truck frames and freight car and locomotive couplers and related products. A freight car truck, which consists of two side frames and a bolster, is part of the undercarriage of the freight car and contains the suspension system for the freight car. Each freight car typically consists of two freight car trucks. The trucks hold the axles and wheels in place and support the weight of the freight car. A locomotive truck frame is the undercarriage of the locomotive. Each locomotive has two truck frames that surround the wheels, axles and brakes and support the weight of the locomotive. The segment manufactures 28-, 33-, 36- and 38-inch diameter wheels for freight railcars and 40-inch diameter wheels for diesel locomotives. These wheels are made of cast steel and are used in North America and international service. Within a particular size classification, variations exist in flange width and bore size. The segment also manufactures various other freight car products that are widely used in the railroad industry, including traditional American Association of Railroads design couplers (couplers are used to connect freight cars with other freight cars and locomotives) that employ cross-licensed technology owned by the Company and three of its competitors. The Company also manufactures a line of related freight car products, including articulated connectors, draft gear housings, center plates and draft sills. Rail Services and Systems Rail Services and Systems includes the wheel mounting operation, which is primarily a reconditioning service business that re-manufactures, reworks and distributes new and used freight car wheel sets. Freight car wheel sets consist of the wheel, axle and bearing units that are mounted to freight cars. The Company's reconditioning services include inspection and analysis of existing wheel sets to determine necessary replacement parts, re-machining of axle units, replacement and/or re-machining of wheels and replacement and/or reinstallation of bearings. The Company also supplies new wheel sets. This segment manufactures specialty trackwork to customer specifications, generally for replacement of existing track, in the case of freight railroads, or for replacement and new construction of rail transit systems. The Company's products include track switches and turnouts that divert a train from one track to another; crossings that allow one set of railroad tracks to cross thr

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