# L.B. Foster acquires VanHooseCo Precast assets for $50.5M

L.B. Foster subsidiary CXT Inc. acquired the operating assets of VanHooseCo Precast LLC for $50.5 million, including a production site near Knoxville and a satellite operation in Lebanon, Tennessee.

- Type: Acquisition
- Announced: 2022-08-15
- Where: Loudon, Tennessee, United States
- Value: $50.5M
- Jobs: 100
- Status: announced
- Products: precast concrete elements, wall panels, drainage products, stormwater harvesting systems
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [L.B. Foster Company](https://endata.com/companies/15443.md) (acquirer)
- [VanHooseCo Precast](https://endata.com/companies/64722.md) (target)

## Sources

- [concreteproducts.com](https://concreteproducts.com/index.php/2022/08/15/l-b-foster-deepens-precast-market-stake-in-vanhooseco-asset-deal/), 2022-08-15: "We are excited to take another important step in our transformation journey by joining VanHooseCo with our market leading CXT Precast Concrete business, establishing a robust platform for future investment and growth."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.