L.B. Foster has completed a $52.18 million cash acquisition of the operating assets of Dulworth Enterprises through its wholly owned subsidiary, CXT Incorporated. The acquired business will join L.B. Foster’s Precast Concrete Products unit, part of its Infrastructure Solutions segment.
- Price and funding: CXT paid $52.18 million in cash, subject to customary holdbacks for potential indemnification claims. L.B. Foster funded the purchase with cash on hand and funds available under its existing revolving credit facility; the company did not specify how much came from each source.
- Timing: The acquisition closed on October 28, 2026, the day the purchase agreement was signed.
- Integration: The acquired business is being integrated into L.B. Foster’s Precast Concrete Products business unit. The announcement did not provide further details about the assets or the acquired business’s operations.