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Markets :: Specialty Chemicals :: Paints and Coatings

Koppers Sells Wood Treatment Facility (Update)

9:18 AM MST | December 23, 2009 | Vincent Valk

Koppers has sold its wood treatment facility in Gainesville, Florida to Beazer East, Inc. (Pittsburgh), a subsidiary of building materials outfit Hanson (London). The property and buildings at the site have been sold, and it is currently unclear how Beazer will use them. The terms of the deal were not disclosed. "The economic downturn has had a significant impact on our operations in Gainesville," says Walt Turner, CEO of Koppers. "It is always difficult to close an operating facility such as Gainesville, as a closure like this directly affects the...

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