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Valmont Industries Inc., Omaha, Neb., has completed its acquisition of Newmark International Inc., Birmingham, Ala., from Newmark's parent company, Pfleiderer AG of Neumarkt, Germany.

Valmont Industries Inc., Omaha, Neb., has completed its acquisition of Newmark International Inc., Birmingham, Ala., from Newmark's parent company, Pfleiderer AG of Neumarkt, Germany. The transaction includes all six of Newmark's North American concrete pole plants and one steel pole plant in North America. The purchase price totaled approximately $105 million in cash and the assumption of $I0 million in debt. Earl Foust, who has served as Newmark's CEO for the past 11 years, and his management team will join Valmont.
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Title Annotation:At Closing News
Publication:Agri Marketing
Article Type:Brief Article
Geographic Code:1U4NE
Date:May 1, 2004
Words:81
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