In addition to the inventory, Pennsylvania, US-based Jennmar acquired all machinery needed to support Vossloh's current mining business, including rail, tie and straightening capabilities.

Tony Calandra, group president of Jennmar parent company Frank Calandra and Calandra Group, said: "This acquisition will make Jennmar the premier provider of rail and tie components for the underground coal market in the United States."

Frank Calandra EVP Michael Calandra added: "We will continue to offer the same services with enhanced resources and capabilities. This will not affect or delay any current business. We will honour all existing POs that were issued to Vossloh Track Materials prior to January 1, 2020."

He confirmed that Jennmar sales representatives would be visiting clients soon to offer assistance.

The company, however, did not disclose financial details of the transaction.