Valmont Acquires 70% of West Coast Engineering Group


OMAHA, Neb., Feb. 6 - Valmont Industries, Inc. (NYSE:VMI), a leading global manufacturer of engineered support structures for infrastructure, mechanized irrigation equipment for agriculture, and a provider of coating services and tubular products, announced today that it has acquired a 70% interest in West Coast Engineering Group LTD, a manufacturer of steel and aluminum structures for the lighting, transportation and wireless communication industries. West Coast Engineering, which is headquartered in Delta, B.C., Canada, has annual revenues in excess of $40 million.

"The West Coast Engineering investment broadens Valmont's customer base in North America and opens up new product and business opportunities for both companies," said Mogens C. Bay, Valmont's Chairman and Chief Executive Officer.

Tom Spears, Valmont's President of the Engineered Support Structures Division added, "West Coast Engineering, with three manufacturing facilities in Canada and one in Washington State, will allow us to better serve the northwestern region of North America. We expect both companies to benefit from sharing our combined resources and capabilities. West Coast Engineering will continue to be led by Raini Habgood-Bailey, Ted Brochman and Jim Parisian. We are delighted that this fine management team will join with Valmont."

Added Raini Habgood-Bailey, President of West Coast Engineering Group, "We believe our two companies are an excellent combination of talents and resources and this transaction further enhances both companies'strengths."

Valmont is the global leader in designing and manufacturing poles, towers and structures for lighting and traffic, wireless communication and utility markets, and a provider of protective coating services. Valmont also leads the world in mechanized irrigation equipment for agriculture, enhancing food production while conserving and protecting natural water resources. In addition, Valmont produces a wide variety of tubing for commercial and industrial applications.

Source: Valmont Industries, Inc.

CONTACT: Jeff Laudin of Valmont Industries, Inc., +1-402-963-1158, Fax,
+1-402-963-1198

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