The deal involves Koppers Utility and Industrial Products Inc., taking over most of Brown Wood's assets, including its pressure-treated wood utility poles production.
Koppers Holdings
FY 2024 consolidated sales of $2.15 billion, a record year, increased $174 million, or 8.8%, compared to $1.98 billion in the prior year.
Koppers is acquiring Brown Wood for a base purchase price of $100 million in cash, subject to certain closing adjustments, and plans to finance the acquisition through cash and borrowing capacity.
Koppers Holdings Inc. announced that the company has increased the size of its Board of Directors from nine to ten members and has elected Nishan J. Vartanian as a director of the company.
Koppers Inc., a wholly-owned subsidiary of Koppers Holdings Inc. announced a transition plan that will occur throughout 2024 for key leadership roles. The plan will culminate in the retirement of James Healey, Vice President, Utility and Industrial Products, effective December 31, 2024, after a 40-year career with the ...
Koppers Holdings Inc. announced the election of James A. Sullivan as President and Chief Operating Officer, effective January 1, 2024.