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Slide #22. Koppers Inc. — Crosstie treating business and related manufacturing facility of Tolko Industries Ltd.
Koppers Inc. (NYSE:KOP)
Crosstie treating business and related manufacturing facility of Tolko Industries Ltd.
Koppers Inc., a wholly-owned subsidiary of Koppers Holdings Inc. (NYSE: KOP), has completed the purchase of the crosstie treating business and related manufacturing facility of Tolko Industries Ltd. located in Ashcroft, British Columbia, Canada. The purchase price, after an adjustment for working capital of CAD$0.9 million, was CAD$32.4 million subject to post-closing adjustments. The purchase has been funded primarily by cash on hand.
Koppers Holdings is a holding company. Through its subsidiaries, Co. is a provider of treated wood products, wood preservation chemicals, and carbon compounds. Co. has three segments: Railroad and Utility Products and Services, which sells treated and untreated wood products, rail joint bars and services to the railroad and the utility markets; Performance Chemicals, which supplies copper-based wood preservatives, including micronized copper azole (MicroPro®), micronized pigments (MicroShades®), alkaline copper quaternary, amine copper azole and chromated copper arsenate; and Carbon Materials and Chemicals, which manufactures creosote, carbon pitch, naphthalene, and phthalic anhydride.
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Strong Buy (3.60 out of 4)