RailWorks Corp. has finalized an agreement to acquire steel-tie manufacturer NARSTCO, which employs about 90 people at its U.S. facilities. NARSTCO will continue to operate independently and work with its current customer base, which includes end users, contractors and engineering firms. In addition, Anthony Musa will continue to serve as NARSTCO's chief executive officer, RailWorks officials said in a press release. The acquisition's financial terms were not disclosed.
Pyrotek is adding equipment and ramping up production of acoustic thermal products at its plant in Cortland, New York. The effort is aimed at complementing the company's global manufacturing footprint and providing value-add services for rail, marine and industrial customers in the Americas, said Kevin Bacon, manager of Pyrotek's U.S. acoustic and thermal sales team, in a news release. Pyrotek's offerings include vibration damping and isolation products, as well as sound absorbers, noise barriers and condensation control solutions.
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