Oil and gas: L.B. Foster to acquire Ball Winch Pipeline Services

Source:L.B. Foster Company

L.B. Foster to acquire Ball Winch Pipeline Services 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.

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."

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