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People & Business :: M&A
Koppers acquires wood treatment, railroad businesses
11:16 AM MDT | April 14, 2014 | Lindsay Frost
Koppers has agreed to acquire the wood preservation and railroad services businesses of Osmose Holdings (Buffalo, NY) for $460 million. The price includes a tax election that is expected to provide cash tax savings of approximately $7 million annually over the next 15 years, the company says. The acquired businesses had a revenue of $390 million in 2013. The transaction is expected to close in the third quarter. The wood preservation business develops, manufactures, and markets wood preservation chemicals and wood treatment technologies—accounting for $350...
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