L.B. Foster, Lally Pipe & Tube joint venture to manufacture precision pipe couplings
L.B. Foster Co., Pittsburgh, Pa., has announced a newly formed joint venture between three partners, Kentucky-based Lally Pipe & Tube, L.B. Foster, and industry veteran, Jim Legg. Together, the three partners have formed LB Pipe & Coupling Products LLC to manufacture couplings and accessories for the water well, oil country tubular goods (OCTG) and American Petroleum Institute (API) markets. LB Pipe & Coupling Products will occupy a manufacturing facility currently under construction in Magnolia, Texas. The facility is scheduled to be operational in January 2010.
"L.B. Foster is pleased to team with Lally in building this exciting joint venture. This will be the beginning of developing new opportunities in the future," noted Merry Brumbaugh, vice president Tubular Products, L.B. Foster Company.