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L.B. FOSTER ACQUIRES RAIL-RELATED ASSETS OF MIDWEST CORPORATION

 PITTSBURGH, May 5 /PRNewswire/ -- L.B. Foster Company (NASDAQ: FSTRA) announced the completion of the purchase of the rail-related assets of Midwest Corporation, a subsidiary of UNR Industries (NASDAQ: UNRI).
 Midwest Steel manufactures and distributes rail, trackwork, and accessories and is a major factor in its specialized markets. Throughout its 40-plus years, Midwest has focused its efforts on light rail and related products which are used extensively in mining operations and other industrial applications. The company conducts the manufacturing, engineering and warehousing of light trackwork and accessories at its plant in Pomeroy, Ohio, and also has sales and warehousing facilities related to its distribution business in a number of locations throughout the country. Foster plans to operate the trackwork operations as the Midwest Division of L.B. Foster and consolidate the remaining distribution locations at its existing warehouse facilities.
 The acquisition of Midwest is another step in L.B. Foster's announced plan of improving business through strategic fold-in acquisitions serving niche markets. The company is once again embarked upon a systematic process of expanding the product line through new representation agreements and acquisition, as well as through plant expansions or additions in key growth markets.
 L.B. Foster Company, located in Pittsburgh, is a manufacturer, fabricator and distributor of construction, rail and tubular products.
 -0- 5/5/93
 /CONTACT: Lee B. Foster of L.B. Foster Company, 412-928-7842/
 (FSTRA UNRI)


CO: L.B. Foster Company; Midwest Corporation; UNR Industries ST: Pennsylvania, Ohio IN: TRN MNG SU: TNM

DM -- PG003 -- 4782 05/05/93 10:20 EDT
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Publication:PR Newswire
Date:May 5, 1993
Words:256
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