L.B. Foster Company (L.B. Foster) announced July 5 that its CXT Incorporated (CXT) subsidiary has completed the sale of substantially all the operating assets of its prestressed concrete railroad tie business located in Spokane, Wash., to voestalpine Railway Systems Nortrak, LLC (Nortrak).
L.B. Foster announces sale of substantially all the operating assets of its Chemtec Energy Services, L.L.C. precision measurement products and systems business located in Willis, Tex., to a private buyer. Also, Genesis Electronics Group, Inc. (GEGI) signs a letter of intent with Taylor Transport.
L.B. Foster Company (L.B. Foster) has entered a partnership with The FUCHS Lubricants Co. (FUCHS) to develop friction management products for the rail industry. Also, CRW Consulting & Distribution, LLC (CRW) announces acquisition of CCI Inspection Services Inc. (CCI).
Pittsburgh, Pa.-based L.B. Foster Company has appointed a new Board Chairman. Also, WSP USA has selected a leader for its Asset Management and Business Advisory group.
