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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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January 21, 2015
07:16 EDTKOPKoppers Holdings sells utility pole business to Cox Industries
Cox Industries has completed the acquisition of the U.S. utility pole business from Koppers Inc., a wholly owned subsidiary of Koppers Holdings. The transaction includes the sale of Koppers existing pole inventory, lease agreements related to multiple pole distribution yards Koppers maintains throughout the country, and the purchase of related manufacturing assets. The transaction does not include the sale of Koppers wood treating facility located in Florence, South Carolina.
January 20, 2015
08:34 EDTKOPKoppers Inc. acquires creosote distribution business of KMG Chemicals for $12.5M
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08:33 EDTKOPKMG Chemicals announces sale of creosote distribution assets to Koppers
KMG Chemicals (KMG) announced that it has sold its creosote distribution business to Koppers Inc., a wholly-owned subsidiary of Koppers Holdings Inc. (KOP). Assets included in the transaction are KMG’s rail car and tank terminal leases, and creosote inventory. KMG estimates that cash proceeds from the sale will be approximately $15.5M, which includes approximately $3M worth of inventory. The asset sale closed concurrently with the signing of the asset purchase agreement. KMG fully retains its North American pentachlorophenol manufacturing operations, and the company will continue to produce and supply this important wood preservative used for the treatment of wooden utility poles and cross-arms.
08:31 EDTKOPKoppers Inc. sells U.S. utility pole business to Cox Industries
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January 15, 2015
09:34 EDTKOPKoppers Holdings downgraded to Neutral from Buy at Monness Crespi
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January 14, 2015
08:43 EDTKOPKoppers Holdings announces delay of North American CMC restructuring project
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08:42 EDTKOPKoppers Holdings sees legal entity reorganization raising EPS by 30c
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