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News Breaks
August 15, 2014
14:21 EDTKOPKoppers completes Wood, Railroad acquisition from Osmoe, sees $12M in synergies
Koppers announced that it has completed the acquisition of the Wood Preservation and Railroad Services businesses of Osmose Holdings. The synergies from the acquisition are expected to be at least $12M, and the company anticipates the annual run rate will be realizable by the end of 2015. The acquisition is expected to add more than $400M of sales at EBITDA margins that are expected to be above the company's FY15 target level of 12%.
News For KOP From The Last 14 Days
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April 16, 2015
08:43 EDTKOPKoppers Holdings announces contract extensions with CSX, BNSF
Koppers, a wholly-owned subsidiary of Koppers Holdings (KOP), announced that it has agreed to contract extensions with each of its two largest railroad customers, BNSF Railway and CSX Transportation (CSX). Koppers combined revenues from BNSF and CSX accounted for approximately 40% of 2014 railroad-related sales for Koppers. The agreements extend the contracts to 2021 from the previous 2017 expirations and include commitments for Koppers to provide crossties as well as related products and services to BNSF and CSX through the respective contract periods.
April 7, 2015
15:08 EDTKOPMitch Cantor says Koppers may be worth $80-$90 per share, Bloomberg says
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