Monday, August 18, 2014

Koppers completes Osmose Wood Preservation and Railroad Services acquisition

Koppers Inc., has completed its acquisition of the wood preservation and railroad services businesses of Osmose Holdings, Inc.

 

"Acquiring the two Osmose businesses is an important step in our long-term growth strategy for Koppers," said Walt Turner, president and chief executive officer of Koppers. "The businesses fit well within our core competencies, expand both our chemicals offering and our existing railroad and utilities products and services platform and provide additional growth opportunities as we gain leading market positions in strategic end-markets around the world."

The wood preservation business, now known as Koppers Performance Chemicals, develops, manufactures and markets wood preservation chemicals and wood treatment technologies. The business has operations and sales in North America, South America, Europe and Australasia and accounted for approximately $350 million of the revenue for the acquired businesses in 2013.

The railroad services business, now known as Koppers Railroad Structures, offers railroad infrastructure services, including bridge inspection, engineering, maintenance and repair and construction services for Class 1 and shortline railroads in North America. The business accounted for approximately $40 million of revenue in 2013.

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