Ingram Barge Company Acquires Additional Barges And Towboats

Ingram Barge Company, headquartered in Nashville, Tenn., has signed a letter of intent to purchase 319 barges and eight towboats from American Barge and Towing Company of St. Louis, Mo. The terms of the purchase were not disclosed. In making the announcement, Neil N. Diehl, chairman and CEO of Ingram Barge Company, said: "We are very pleased to have reached agreement with American Barge and Towing for purchase of its marine assets. Ingram's rapid growth as well as this acquisition further illustrates our continuing commitment to the barge transportation business and assures our customers of our dedication to providing premium service to them." Ingram Barge Company has been towing on America's inland waterways since 1946, and its present fleet of over 1,150 barges and 39 linehaul towboats already makes it one of the nation's largest barge companies. Ingram is a full-service, fully integrated barge line transporting a wide range of products, including petroleum, chemicals, ore, stone, grain and coal.

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