“Stan has done an outstanding job during his long career with L.B. Foster and on behalf of the board of directors and all our employees I want to convey our sincere appreciation for so many significant contributions that have left an indelible mark on the company,” said Lee B. Foster, chairman of the board.
“Stan indicated that he had been contemplating this move for some time and felt that the end of this year, with the Portec acquisition successfully integrated, would be the perfect time to make the move,” Chairman Foster added.
Amsted Rail said Thursday it has acquired Holland, L.P.’s Hollube® Wear Eliminator product line. Final agreement is scheduled to occur Friday, May 27. After that date, all orders and shipments will be initiated through Amsted Rail Customer Service, located in Granite City, Ill. “This acquisition is strategically important because it provides our customers the option to include key wear prevention components as part of their Amsted Rail Truck and End-of-Car System purchases,” said Brad Myers, Amsted vice president of Sales & Marketing.
“The sale of the Hollube® Wear Eliminator product line will enable our organization to concentrate its efforts on engineered solutions involving our growing load securement and product protection product lines,” said Holland, L.P. Group Vice President Leonard O’Kray.