L. B. Foster Company (Foster) is engaged in the manufacture, fabrication and distribution of rail, construction and tubular products. Foster operates in three business segments: Rail products, Construction products, and Tubular products. For rail markets, the Company provides a line of new and used rail, trackwork, and accessories to railroads, mines and industry. It also designs and produces concrete railroad ties, insulated rail joints, power rail, track fasteners, coverboards and special accessories for mass transit and other rail systems worldwide. It also engineers, manufactures and assembles friction management products, railway wayside data collection and management systems and engineers and sells securement systems and related products. In June 2012, the Company sold its railway securement business to Holland, L.P. In September 2012, it sold Precise Structural Products to Cianbro Fabrication and Coating Corporation.