Under new ownership

摘要

Last month, four companies were active short-line shoppers. Chartwell International Inc. acquired the 15-mile Middletown and New Jersey Railway Co. Inc. (M&NJ) for $2.2 million. Founded in 1947 and headquartered in Middletown, N.Y., M&NJ serves a plastic packaging company and local utility, and interchanges with Norfolk Southern Railway.