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NATK will build two new manufacturing lines to produce TieTek composite railroad ties. In addition, NATK acquired an exclusive option to purchase Gaia's railroad crosstie business, which produces, markets and sells synthetic railroad crossties and certain other products using Gaia's proprietary formulations and technologies. Daniels, executive vice president and a director, and Judith Knight Shields, senior vice president-Finance and chief financial officer, have recently purchased shares of NATK common stock. |
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