L.B. Foster completes VanHooseCo acquisition; files purchase agreement

FOSTER L B CO

Acquisition of VanHooseCo Precast (precast concrete products) closed Aug 12, 2022.
Buyer CXT Incorporated (L.B. Foster subsidiary); $3.5M escrow for indemnification.
Seller to provide non-competition and non-solicitation covenants post-closing.
Credit agreement amended concurrently (Ex-10.2) to support transaction financing.
No financial statements provided; pro forma filing due within 71 days.

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