L.B. Foster Expands Precast Concrete Business with the Acquisition of Dulworth Enterprises, Inc.
Key Highlights
- ➤L.B. Foster acquired Dulworth’s operating assets for approximately $52.2 million cash.
- ➤Dulworth expected to generate approximately $18 million in annual revenue.
- ➤Acquisition expected to contribute approximately $6.5 million-$7.5 million EBITDA including synergies.
- ➤Integration activities are estimated to take 12 to 18 months.
- ➤L.B. Foster expands residential wastewater precast products and Aeris treatment systems capabilities.
Expert Statements
John Kasel, President and Chief Executive Officer of L.B. Foster Company
“This acquisition represents a natural extension of our growth strategy”
John Kasel, President and Chief Executive Officer of L.B. Foster Company
“By combining our existing residential wastewater portfolio with Dulworth's manufacturing expertise and differentiated technology, we are enhancing our ability to serve customers in attractive high-growth markets.”
John Kasel, President and Chief Executive Officer of L.B. Foster Company
“We have long recognized the value of their technology through our existing relationship and experience using their solutions, which gives us a high degree of confidence in the strategic and operational fit of this combination.”
PITTSBURGH, Oct. 29, 2026 (GLOBE NEWSWIRE) -- L.B. Foster Company (Nasdaq: FSTR), a global solutions provider of products and services for the rail and infrastructure markets, today announced that its wholly-owned subsidiary CXT Incorporated ("CXT") (L.B. Foster and CXT are sometimes collectively referred to as the “Company”), has acquired the operating assets of Dulworth Enterprises, Inc. ("Dulworth"), a privately-held business headquartered in Rice, Texas, specializing in residential wastewater precast products and Aeris aerobic treatment systems. The acquisition, which was completed on October 28, 2026, is designed to accelerate the Company's growth strategy by expanding manufacturing capabilities, enhancing its product portfolio, and increasing exposure to attractive precast concrete, high-growth end markets.
Under the terms of the definitive Asset Purchase Agreement, the Company acquired substantially all the operating assets of Dulworth for approximately $52.2 million in cash, subject to customary indemnification holdbacks. Dulworth is expected to generate revenue of approximately $18 million per annum and estimated to provide an EBITDA contribution, including synergy benefits, of approximately $6.5 million to $7.5 million, after the completion of integration activities which are estimated to take 12 to 18 months.
Get started
Create a free account to read the full story.