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L. B. FOSTER COMPANY ANNOUNCES ACQUISITION

 L. B. FOSTER COMPANY ANNOUNCES ACQUISITION
 PITTSBURGH, May 14 /PRNewswire/ -- L.B. Foster Company


(NASDAQ: FSTRA) announced today the acquisition of the assets of Allegheny Rail Products (ARP), a subsidiary of Tasa Corporation.
 The Pittsburgh-based firm engineers, manufacturers, and markets insulated rail joints and related accessories for the railroad and mass transit industries. The company will operate as a wholly-owned subsidiary of L.B. Foster.
 "This is another step in the direction of expanding our participation in value-added businesses that serve our core markets. The outstanding reputation of ARP for quality and service has positioned them as a leader in their market and creates an excellent strategic fit with our existing rail and transit customer base." said Lee. B. Foster, president and CEO of L.B. Foster Company. "We will continue to seek similar opportunities to expand our value-added presence in the transportation, water, energy, and infrastructure markets."
 L.B. Foster Company, located in Pittsburgh, is a manufacturer, fabricator and distributor of construction, rail and tubular products.
 -0- 5/14/92
 /CONTACT: Lee B. Foster of L.B. Foster Company, 412-928-7842/
 (FSTRA) CO: L.B. Foster Company; Allegheny Rail Products; Tasa Corporation ST: Pennsylvania IN: MNG CST SU: TNM


CD -- PG007 -- 0060 05/14/92 09:15 EDT
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Publication:PR Newswire
Date:May 14, 1992
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