News Release

                                                                  April 16. 2004

                    Valmont Completes Acquisition of Newmark

     Omaha,  NE -  Valmont  Industries,  Inc.  (NYSE:  VMI),  a  leading  global
manufacturer of engineered  support structures for infrastructure and mechanized
irrigation  equipment  for  agriculture  and a  provider  of  coating  services,
announced today that it has completed its acquisition of Newmark  International,
Inc. of Birmingham,  Alabama,  from Newmark's  parent company,  Pfleiderer AG of
Neumarkt,  Germany. The transaction includes all six of Newmark's North American
concrete  pole plants and one steel pole plant in North  America.  The  purchase
price  totaled  approximately  $105  million in cash and the  assumption  of $10
million in debt.

     "The  acquisition of Newmark  strengthens our  competitive  position in the
market for utility support  structures," said Mogens C. Bay,  Valmont's Chairman
and  Chief  Executive  Officer.  "Our  ability  to  offer  concrete,  steel  and
combinations  thereof  provides  the utility  industry  with a broader  range of
products for electrical transmission and distribution needs.

     "We are very  pleased  that both Earl Foust,  who has led  Newmark's  solid
growth as Chief Executive Officer for the past 11 years, and his management team
will join Valmont and continue to pursue growth  opportunities in the market for
concrete structures."

     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.

     This release contains forward-looking statements, within the meaning of the
Private Securities  Litigation Reform Act of 1995. These statements are based on
management's  current  views and estimates  and are subject to  uncertainty  and
changes in  circumstances.  Future economic and market  circumstances,  industry
conditions,  Company performance and financial results,  operating efficiencies,
availability and price of raw materials,  availability and market  acceptance of
new  products,   product  pricing,   domestic  and   international   competitive
environment,   actions  and  policy   changes  of  domestic  and   international
governments and other risks described from time to time in Valmont's  reports to
the  Securities and Exchange  Commission are examples of factors,  among others,
that could  cause  results to differ  materially  from  those  described  in the
forward-looking   statement.  The  Company  cautions  that  any  forward-looking
statement  included  in this press  release is made as of the date of this press
release  and the  Company  does not  undertake  to  update  any  forward-looking
statement.