L.B. Foster's CXT Acquires Dulworth Enterprises For ~$52.2M

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.