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Slide #63. L.B. Foster — Ball Winch Pipeline Services
L.B. Foster (NASDAQ:FSTR)
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.
L.B. Foster is a manufacturer and distributor of products and provider of services for transportation and energy infrastructure with locations in North America and Europe. Co. has three segments: Rail Products and Services, which is comprised of several manufacturing and distribution businesses that provide a variety of products and services for freight and passenger railroads and industrial companies throughout the world; Construction Products, which is composed of piling, fabricated bridge, and precast concrete product offerings across North America; and Tubular and Energy Services, which provides products and services predominantly to the U.S. mid and upstream oil and gas markets.
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Strong Buy (4.00 out of 4)