L.B. Foster Renames Acquired Friction Management Subsidiaries
PITTSBURGH, Oct. 10, 2012 /PRNewswire/ — L.B. Foster Company (NASDAQ: FSTR) announced that it is changing the names of several of its subsidiary companies acquired from Portec Rail Products, Inc. to L.B. Foster Rail Technologies to more accurately brand the innovative unit and better represent its rail product development capabilities. L.B. Foster acquired the technology-based rail products manufacturer and most of its subsidiaries in December 2010.
The naming structure brings added recognition to the new Rail Technologies business as it becomes part of the L.B. Foster brand. The 110 year old L.B. Foster Company is well regarded throughout North America’s rail markets as a leading transportation products manufacturer and distributor. L.B. Foster Rail Technologies is helping to expand the brand into Europe, Asia and South America.
“The Rail Technologies business has been a successful addition to the L.B. Foster family. The rebranding links our innovative product engineering with L.B. Foster’s renowned quality and service,” said John Kasel, Senior Vice President, L.B. Foster Rail Business. The new Rail Technologies business manufactures friction management, track components and measurement system products for worldwide wheel/rail interface markets.
L.B. Foster has already completed the following name changes:
Portec Rail Products, Inc. was changed to L.B. Foster Rail Technologies, Inc.
Kelsan Technologies Corp. was changed to L.B. Foster Rail Technologies, Corp.
Portec Rail Products (UK) Limited was changed to L.B. Foster Rail Technologies (UK) Limited
About L.B. Foster Company
L.B. Foster Company is a leading manufacturer, fabricator and distributor of products and services for the rail, construction, energy and utility markets with locations in North America and Europe. Please visit our Website: www.lbfoster.com
L.B. Foster Company Media Contact:
Jake Fuellhart, Marketing Communications Manager, Corporate Marketing
SOURCE L.B. Foster Company