CXT Takes Over Dulworth's Wastewater Product Lines
Texas contractors buying residential wastewater treatment systems will need to confirm supply terms with the new owner.
Updated on Nov. 3, 2026 in Corporate Finance
CXT Incorporated, a subsidiary of L.B. Foster Company (Nasdaq: FSTR), closed its purchase of substantially all assets of Dulworth Enterprises' residential wastewater precast products and Aeris Aerobics treatment systems business on October 28, 2026. The approximately $52.2 million cash deal gives CXT the Rice, Texas manufacturer's proprietary aerobic treatment line.
Why it matters
The deal consolidates residential wastewater products under a larger manufacturer, bringing a family-founded Texas producer's precast lines and proprietary aerobic technology into an established industrial group. For Texas contractors, distributors and builders who specify residential treatment systems, the change affects who supplies these products and on what terms going forward.
The transaction closed at approximately $52.2 million in cash for Dulworth's residential precast and Aeris Aerobics assets. The source reports no comparator figures, such as Dulworth's revenue or the multiple paid, so the price cannot be benchmarked against the business's earnings.
The players
CXT Incorporated
A precast concrete manufacturer and subsidiary of L.B. Foster Company that supplies infrastructure products and now adds Dulworth's residential wastewater lines.
L.B. Foster Company (Nasdaq: FSTR)
A publicly traded infrastructure products and services company whose CXT unit made the acquisition.
Dulworth Enterprises
A family-founded Rice, Texas manufacturer of precast concrete residential wastewater solutions and owner of the Aeris Aerobics treatment line.
Market Street Capital
A boutique investment banking and advisory firm with offices in Texas, California, Louisiana, New York and Switzerland that served as exclusive financial advisor to Dulworth.
The details
CXT acquired the assets rather than the whole company, so Dulworth's remaining operations and liabilities were not part of the transfer. Market Street Capital, a boutique investment banking firm, ran the sale process for Dulworth, marketed the business, engaged prospective buyers and assisted with negotiations through closing. The transfer brings the proprietary Aeris Aerobics aerobic treatment line under CXT's ownership.
Timeline
October 28, 2026: CXT's acquisition of the Dulworth assets closed.
November 3, 2026: Market Street announced its advisory role in the sale.
Market Landscape
The acquisition extends L.B. Foster's infrastructure products portfolio into residential wastewater through Dulworth's precast lines and proprietary aerobic treatment technology. It is an asset purchase by a subsidiary of a publicly traded company, which keeps the transaction within an established industrial buyer's acquisition pattern.
Texas contractors and distributors who buy residential wastewater products should confirm which company now supplies Dulworth's precast lines and Aeris Aerobics systems and whether existing supply terms carry over. Operators should review purchasing agreements with qualified counsel before assuming continuity of pricing or availability.
The takeaway
Acquisitions of asset lines like this one often change the supplier relationship before they change the product, so operators should ask their vendor contacts for written confirmation of post-closing supply terms. Track any announced product or pricing changes from CXT over the next two quarters before renewing purchase commitments.
Further reading
For more on how deals like this are structured and financed, see the Corporate Finance section.
