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Regions :: Australia/New Zealand
Arch Buys Koppers out of Australian JV
11:13 AM MDT | August 7, 2007 | Deepti Ramesh
Arch Chemicals says it has bought the 51% it did not already own in the Koppers-Arch joint venture (KAJV; Sydney) from its partner, Koppers Holdings (Pittsburgh) for $19 million. The deal comprised a cash payment of $15.4 million and transfer of 51% of the jv’s $7-million net debt. KAJV makes and sells wood preservative products for the wood processing and forestry industries in Asia, Australia, New Zealand, South Africa, and the Pacific Islands, and recorded sales of $54.1 million in 2006. Its products are mainly noncoal tar-based chemicals, including...
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