L.B. Foster Company and Portec Rail Products, Inc. Announce Agreement with DoJ

L.B. Foster Company FSTR and Portec Rail Products, Inc. PRPX today announced that the Department of Justice has issued their final approval of and entered into an agreement with L.B. Foster and Portec relating to L.B. Foster's acquisition of Portec and the sale of certain assets related to Portec's rail joint business primarily located at Portec's Huntington, WV plant. The DOJ has filed the agreement together with related papers in federal district court. The signing of an Asset Purchase Agreement relating to this sale was announced on December 9, 2010.