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People & Business :: Companies
Koppers acquires railroad crosstie business in Canada
11:32 AM MST | January 8, 2014 | Lindsay Frost
Koppers, a producer of carbon compounds and treated wood products, says it has signed an agreement to acquire the railroad crosstie treating business and related manufacturing facility of Tolko Industries (Ashcroft, BC), a forest products business. Wood crossties are used as an efficient, environmentally sound railroad crosstie system, as opposed to the widely used concrete system, according to the Railway Tie Association (Fayetteville, GA). Koppers expects the acquisition to close within 30 days, subject to closing conditions, with the purchase price primarily...
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