American Commercial Lines Inc. Announces Stockholder Approval of Merger Agreement With Affiliate of Platinum Equity

JEFFERSONVILLE, IN, Dec 14, 2010 (MARKETWIRE via COMTEX) -- American Commercial Lines Inc. (NASDAQ: ACLI) ("ACL" or the "Company"), one of the largest and most diversified inland marine transportation and service companies in the United States, is pleased to report that its stockholders have approved the proposal to adopt the merger agreement providing for ACL's acquisition by an affiliate of Platinum Equity.

The affirmative vote of the holders of a majority of the outstanding shares of common stock of ACL was required to approve the proposal to adopt the merger agreement. According to the final tally of shares voted, approximately 10,272,621 shares of common stock of ACL voted for the approval of the proposal to adopt the merger agreement, representing approximately 80 percent of the outstanding shares of common stock of ACL as of the close of business on October 29, 2010, the record date for this vote.

Subject to the satisfaction or waiver of certain conditions set forth in the merger agreement and discussed in the Definitive Proxy Statement on Schedule 14A filed by ACL with the Securities and Exchange Commission on November 15, 2010, ACL expects the merger contemplated by the merger agreement to close and ACL's common stock to cease to trade on NASDAQ by the end of December 2010.

About American Commercial Lines Inc. American Commercial Lines Inc., headquartered in Jeffersonville, Indiana, is an integrated marine transportation and service company operating in the United States Jones Act trades, with approximately $850 million in revenues and approximately 2,570 employees as of December 31, 2009. For more information about American Commercial Lines Inc., visit www.aclines.com.

About Platinum Equity Platinum Equity is a global M&A&O(R) firm specializing in the merger, acquisition and operation of companies that provide services and solutions to customers in a broad range of business markets, including information technology, telecommunications, logistics, metals services, manufacturing and distribution. Since its founding in 1995 by Tom Gores, Platinum Equity has completed over 100 acquisitions with more than $27.5 billion in aggregate annual revenue at the time of acquisition. For more information, go to www.platinumequity.com.

American Commercial Lines Inc.