RECo Buys L.B. Foster Assets
March 28, 2006
The Reinforced Earth Company (RECo) has acquired certain assets from the L.B. Foster Co., a 104-year-old American corporation involved in the manufacture, fabrication and distribution of products for the transportation, construction, utility and energy industries. L.B. Foster anticipates realizing a net gain of under $3.0 million from this transaction. The acquisition of the proprietary, patented Mechanical Stabilized Earth (MSE) system, marketed and sold by L.B. Foster under the trade name Retained Earth, positions RECo to offer a wider range of products, reinforcement selections, engineering services and new products to the market.