Jan 22, 2014. /Lesprom Network/. Koppers Inc., a wholly-owned subsidiary of Koppers Holdings Inc., 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 ($820,000), was CAD$32.4 million ($30 million) subject to post-closing adjustments. The purchase has been funded primarily by cash on hand, as the company said in the press release received by Lesprom Network.

Walt Turner, President and CEO of Koppers, said, "We are pleased to complete the acquisition of Tolko's Ashcroft crosstie treating business, which will strengthen our presence in the Canadian railroad industry as well as the northwest region of the United States. I am excited to welcome our new Ashcroft employees to the Koppers family."

Koppers, with corporate headquarters and a research center in Pittsburgh, Pennsylvania, is a global integrated producer of carbon compounds and treated wood products. Including its joint ventures, Koppers operates facilities in the United States, United Kingdom, Denmark, the Netherlands, Australia, and China.