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Western Tar Products Corporation
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RailWorks Corporation
Baltimore, MD
June 2000
Bengur Bryan advised RailWorks in the acquisition of certain assets of Western Tar Products.
RailWorks Corporation is a leading nationwide provider of integrated rail system services and products. With over 33 facilities located in 17 states, RailWorks’ companies are active in new construction, rehabilitation, repair and maintenance of track, signaling, communications, electrical and other track-related systems, rail products manufacturing and supply. Prior to completion of the acquisitions, the combined RailWorks’ companies represented annual revenue in excess of $ 400 million.
Western Tar Products has operations located in Terre Haute, IN and Memphis, TN. The Company’s tar distillation division produces creosote oil and refined coal tar, which it uses in its railroad tie manufacturing process and also sells to other companies for wood treatment and manufacturing of asphalt pavement sealer. The wood treating division manufactures cross ties and switch ties, which it sells to class I railroads, regional railroads, transit authorities and railroad contractors.
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