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Slide #71. Koppers Wood Products Pty Ltd — Ridolfo Forestry Products Business
Koppers Wood Products Pty Ltd (NYSE:KOP)
Ridolfo Forestry Products Business
Koppers Wood Products Pty Ltd, a subsidiary of Koppers Holdings Inc., announced an agreement to acquire the Western Poles (Western Poles) business from Ridolfo Forestry Products Pty Limited (Ridolfo), for an undisclosed purchase price. The closing of the transaction is subject to certain conditions and is expected to be completed by the end of November 2012. Western Poles conducts business primarily in the State of Western Australia procuring and processing timber for the Western Australian utility pole market. Their primary customer is Western Power, which maintains approximately 660,000 utility poles in its system. The acquisition represents further vertical integration in the utility pole supply chain for Koppers and is expected to provide additional annual pole sales in excess of $10 million.
Koppers Holdings is a holding company. Through its subsidiaries, Co. is a provider of treated wood products, wood preservation chemicals, and carbon compounds. Co.'s business segments are: 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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Buy (3.33 out of 4)