PITTSBURGH, Nov. 8, 2013 /PRNewswire/ -- Pittsburgh, PA-based L.B. Foster Company
(NASDAQ: FSTR) today announced it has acquired Ball Winch Pipeline
Services, LLC., a privately-owned company that applies specialty
pipe coatings and provides field services for the oil and gas,
mining, water and waste water industries. Ball Winch's unique
position as a custom coater of specialty fittings and field
connections brings new growth to L.B.
Foster's existing coating capabilities.
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The acquisition combines two organizations with rich histories
of successfully delivering pipe coatings to the energy and utility
industries. "Ball Winch complements and expands our business
opportunities with custom coating and field applied coating
services," said Robert Bauer,
L.B. Foster President and Chief
Executive Officer. "We welcome the Ball Winch team and look forward
to their contribution to L.B.
Foster."
The Willis, Texas Company has
developed and continues to maintain a strong presence in custom
pipe coating for in-service replacement and new construction. The
Ball Winch organization will become a key component of L.B. Foster's Tubular Products group led by Vice
President, Merry Brumbaugh.
"Ball Winch is a leading pipe coating applicator with a proven
reputation for satisfying the most demanding requirements for
custom coated pipe or specialty coatings," said Brumbaugh.
Both companies have built reputations for excellence in
manufacturing, product quality and workplace safety. "There
is great synergy between our technologies, experienced management
and corporate strategies," noted Tom
Ball, Co-Owner, Ball Winch. "We share L.B. Foster's vision of delivering quality and
value to our customers and providing a safe work environment for
our employees."
Ball Winch was advised by Tulsa,
OK based ClearRidge, LLC on the acquisition.
About Ball Winch
Established in 2005, Ball Winch Pipeline Services, LLC, provides
custom coating services for steel pipe and fabricated steel
products for the energy and utility industries. For more
information, visit www.ballwinch.com
About L.B. Foster Company
L.B. Foster Company is a leading manufacturer, fabricator and
distributor of products and services for the rail, construction,
energy and utility markets with locations in North America and Europe. Please visit
our Website: www.lbfoster.com
L.B. Foster Company Media Contact:
Jake Fuellhart, Marketing
Communications Manager, Corporate Marketing
412.928.5645 jfuellhart@lbfoster.com
SOURCE L.B. Foster Company