Whiting Corporation acquires agreed LB Foster assets

Acquisition enhances customer choice and strengthens service offerings

Tuesday, July 19, 2016

A leading North American manufacturer of custom-built rail maintenance equipment and overhead cranes, Whiting Corporation, is further enhancing customer choice and service capabilities through the acquisition of agreed railcar and locomotive repair assets from L.B. Foster Rail Technologies, Inc.
Whiting Corporation President Jeff Kahn says the acquired business designs, sells, and services equipment used in the maintenance of railcars, including MacJacks and other hydraulic solutions.
Key employees of the acquired business are now all employees of Whiting Corporation and will remain located in the Pittsburgh, PA area, where their skills, technology, and customer knowledge ideally complements Whiting Corporation’s existing Chicago manufacturing and service capabilities.
The expanded Whiting Services Rail Group resulting from the acquisition unites some of the country’s strongest engineering, analysis, monitoring, and safety skill sets and capabilities into a one-stop shop operating round-the-clock and national coverage from service locations across the country.
“This acquisition further strengthens Whiting’s capabilities in servicing Class 1, Short Line and Passenger railroads throughout North America,” says Mr Kahn. “And, for all customers, it means that, through a single phone call, the expanded Services group can now deliver even greater service and engineering capabilities on many pieces of equipment in railyards across America.
“Acquisition of the agreed L.B. Foster assets as part of the Whiting Corporation represents a major gain for the existing and future customers of each organization,” says Mr Kahn. “Both companies share a tradition of engineering excellence, total commitment to safety, and a high reputation for service through a network extending throughout North America.”  
About Whiting Corporation
Known for their Portable Electric Jacks, Drop Tables, Transit Maintenance Systems, and other railcar equipment, Whiting Corporation is a leading name for railcar maintenance and lifting equipment for the freight and commuter railroad industries, municipal transit authorities, railcar builders, and independent maintenance shops. 
Whiting Corporation (www.WhitingCorp.com) is one of the most respected producers of railcar maintenance and lifting equipment and custom-manufactured overhead cranes in the U.S., where the Whiting brand has a history of more than 100 years producing durable, safe, reliable, and efficient lifting technology for applications where safety, durability and reliability are critical. 
Whiting Services, Inc., (www.WhitingServices.com) specializes in the maintenance and inspection of Whiting rail maintenance equipment and overhead cranes, as well as similar equipment of other manufacturers. Offering round-the-clock and national coverage with professional and experienced technicians, Whiting Services is able to provide world class services, inspections, maintenance programs, installations, on-site repairs, training and modernizations. 
Please direct inquiries to Scott Bort, Senior Industrial Marketing Strategist, Whiting Corporation, Monee, IL Office: (708) 587-2222 Fax: (708) 587-2155 Mobile: (708) 516-5997 www.WhitingCorp.com  
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