This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

L.B. Foster Announces Sale Of Precise Structural Products

Stocks in this article: FSTR

PITTSBURGH, Sept. 4, 2012 /PRNewswire/ -- L.B. Foster Company (NASDAQ: FSTR) announced today the completion of the sale of Precise Structural Products to Cianbro Fabrication and Coating Corporation.  Terms of the transaction were not disclosed.  Precise Structural Products is engaged in manufacturing fabricated steel products for the highway, bridge, transit and construction markets and providing custom fabrication and related services including welding, sawing, cambering, blasting and painting.

(Logo:  http://photos.prnewswire.com/prnh/20101222/MM21387LOGO )

Commenting on the announcement, L.B. Foster Senior Vice President, Construction Products, Don Foster, stated, "We are pleased for our employees, customers and community, that Cianbro Fabrication and Coating Corporation, a respected name in the industry will be operating Precise in the future.  This sale coupled with our 2010 purchase of the Interlocking Deck System positively addresses the L.B. Foster Company Fabricated Bridge Products portfolio strategy. This will allow us to concentrate on our industry leading position in the Bridge market with our fabricated steel grid decking solutions."  

About L.B. Foster CompanyL.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 Contacts: David Sauder, Vice President, Global Business Development412.928.3417  dsauder@lbfoster.com  

Jake Fuellhart, Marketing Communications Manager, L.B. Foster Corporate Marketing412.928.5645   jfuellhart@lbfoster.com

About Cianbro Fabrication and Coating CorporationCianbro Fabrication and Coating Corporation, headquartered in Pittsfield, Maine, self-performs Civil, Structural, Mechanical, Electrical, Instrumentation, Fabrication, and Coating, in twelve different markets, throughout the United States. Performing services under various contractual methods and in several different capacities, Cianbro has experience in Construction Management, Design-Build, and Engineer Procure Construct (EPC), in addition to Conventional Design-Bid-Build. Cianbro continues to be selected as a Prime/General Contractor and Joint Venture/Partner, but has also served as a Construction Manager, Subcontractor, Fabrication Supplier, and Consultant for construction services.  Website: www.cianbro.com

SOURCE L.B. Foster Company

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,718.20 +40.30 0.24%
S&P 500 1,950.74 -0.08 -0.00%
NASDAQ 4,456.0710 +3.2790 0.07%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs