Daily News: November 11, 2013

ClearRidge Advises L.B. Foster on Ball Winch Acquisition

L.B. Foster Company announced it acquired Ball Winch Pipeline Services. ClearRidge advised Ball Winch on the acquisition.

The acquisition combines two organizations with rich histories of delivering pipe coatings to the energy and utility industries. Ball Winch’s position as a custom coater of specialty fittings and field connections brings new growth to L.B. Foster’s existing coating capabilities.

“Ball Winch complements and expands our business opportunities with custom coating and field applied coating services,” said Robert Bauer, L.B. Foster president and CEO. “We welcome the Ball Winch team and look forward to their contribution to L.B. Foster.”

The Ball Winch organization will become a key component of L.B. Foster’s Tubular Products group led by Vice President Merry Brumbaugh.

“Ball Winch is a leading pipe coating applicator with a proven reputation for satisfying the most demanding requirements for custom coated pipe or specialty coatings,” said Brumbaugh.

“There is great synergy between our technologies, experienced management and corporate strategies,” noted Tom Ball, co-owner, Ball Winch. “We share L.B. Foster’s vision of delivering quality and value to our customers and providing a safe work environment for our employees.”