Asciano Company Description
Asciano Group is at home by the sea and by the tracks. The company owns two Australian transportation infrastructure businesses, Patrick (port operations, including facilities management and stevedoring) and Pacific National (freight rail operations). Asciano also holds interests in Patrick Autocare, which provides motor vehicle processing, storage and distribution, and Queensland Bulk Handling, which operates an export terminal for coal. In August 2008, Asciano rejected a takeover offer valued at around $3 billion from a group led by private equity firm TPG Capital. Asciano was created in 2007 when Toll Holdings spun off its port operations and railroad interests to shareholders.
View the Comprehensive Company Description for Asciano
The Company Description provides a historical perspective of Asciano's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Asciano's evolution in the marketplace.
