L.B. Foster and Portec Rail Products Announce Preliminary Injunction
Enjoining Tender Offer


    


    
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<p><span class="xn-location">PITTSBURGH</span>, <span class="xn-chron">April 22</span> /CNW/ -- L.B. Foster Company ("L.B. Foster") (Nasdaq:   FSTR) and Portec Rail Products, Inc. ("Portec") (Nasdaq:   PRPX) today announced that on <span class="xn-chron">April 21, 2010</span> the Court of Common Pleas of Allegheny County, Pennsylvania issued a preliminary injunction enjoining the completion of L.B. Foster's tender offer to acquire all of Portec's issued and outstanding common stock.  L.B. Foster and Portec are reviewing the Court's opinion with their advisors to determine a future course of action.</p>
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<p>L.B. Foster Company is a leading manufacturer, fabricator, and distributor of products for the rail, construction and utility and energy markets with approximately 30 locations throughout the <span class="xn-location">United States</span>.</p>
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<p>Established in 1906, Portec has served both domestic and international rail markets by manufacturing, supplying and distributing a broad range of rail products, rail anchors, rail spikes, railway friction management products and systems, rail joints, railway wayside data collection and data management systems and freight car securement systems.  Portec also manufactures material handling equipment for industries outside the rail transportation sector through its <span class="xn-location">United Kingdom</span> operation.  Portec operates through its four global business segments:  Railway Maintenance Products (Salient Systems), Shipping Systems, Portec Rail Nova Scotia Company in <span class="xn-location">Canada</span> (Kelsan friction management, rail anchor and spike products), and Portec Rail Products, Ltd. in the UK (material handling and Coronet Rail products).  Portec Rail Products is headquartered in <span class="xn-location">Pittsburgh</span>, PA.</p>
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    Contact information: L.B. Foster                Portec Rail Products, Inc.
                         David Voltz (412) 928-3431 Rich Jarosinski
                         dvoltz@lbfosterco.com      (412) 782-6000, X 4230




    

For further information: For further information: David Voltz of L.B. Foster Company, +1-412-928-3431, dvoltz@lbfosterco.com, or Rich Jarosinski of Portec Rail Products, Inc., +1-412-782-6000, ext. 4230

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L.B. Foster Company

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