Alter's inland fleet acquired by Cargill

摘要

Alter Barge Line Inc. is selling its fleet of 387 barges and six tow-boats to Cargill Inc.'s Cargo Carriers and Marquette Transportation Co.in a deal unlikely to seriously alter the competitive landscape.The transaction, expected to close by Sept. 30, also includes Alter's Blackhawk Fleet in Buffalo, Iowa, and Azalea Fleet in New Orleans. Terms were not disclosed.Alter's owners got an offer "they thought was too good to pass up," said Larry Daily, president of the Betten-dorf, Iowa, company founded in 1960.