Koppers purchases creosote business from KMG Chemicals; agrees to sell utility pole business
Koppers Inc. has acquired the creosote distribution business of KMG Chemicals, Inc., for $12.5 million plus the fair market value of inventory, which is estimated at $3 million. In addition to inventory, the acquisition includes the transfer of leased railcars and storage tanks from KMG to Koppers, as well as various customer agreements. Operating results from this business will be included in Koppers Carbon Materials and Chemicals business segment.