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L.B. FOSTER COMPANY PLANS ACQUISITION

 PITTSBURGH, April 19 /PRNewswire/ -- L. B. Foster Company (NASDAQ: FSTRA) announced today the signing of a letter of intent to acquire the rail-related assets of Midwest Corporation, a wholly-owned subsidiary of UNR Industries, Inc.
 The purchase includes a plant in Pomeroy, Ohio, for manufacturing light trackwork plus its distribution business for new and used rail products.
 Lee B. Foster, president, stated that this latest acquisition fits into the company's strategy to continue adding companies whose products complement those of L.B. Foster. Since 1991, the company has been focused on acquiring value-added businesses in key market segments, thereby increasing its position as a major supplier in areas related to rebuilding the United States' infrastructure. These areas include rail transportation, heavy construction, water systems, and bridge replacement.
 L.B. Foster Company, located in Pittsburgh, is a manufacturer, fabricator and distributor of construction, rail and tubular products.
 -0- 4/19/93
 /CONTACT: Lee B. Foster of L.B. Foster Company, 412-928-7842/
 (FSTRA)


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

KC -- PG016 -- 7499 04/19/93 14:45 EDT
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Publication:PR Newswire
Date:Apr 19, 1993
Words:185
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