Koppers (KOP) Acquires Brown Wood to Boost Utility Business [Yahoo! Finance]
Koppers Holdings Inc. Koppers Holdings Inc. (KOP)
Last koppers holdings inc. koppers holdings inc. earnings: 2/27 08:00 am
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Source: Yahoo! Finance
acquire the majority of assets belonging to Brown Wood Preserving Company, Inc. and select affiliates. The acquisition, valued at approximately $100 million in cash, is anticipated to be completed in the second quarter of 2024, pending customary closing conditions. Brown Wood specializes in the manufacture and distribution of pressure-treated wood utility poles. Upon completion of the transaction, Brown Wood will be integrated into Koppers' operations, enhancing its service offerings and expanding its geographic presence. James Sullivan, president and chief operating officer of Koppers, expressed enthusiasm for the integration, emphasizing the potential synergies and expanded capabilities it brings to Koppers' utility business. Koppers highlighted the strategic significance of the acquisition, aligning with its strategic goal to bolster its utility pole treatment business through organic growth and acquisitions. While the acquisition may not significantly impact 2024 financial res
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KOP
Earnings
- 2/28/24 - Miss
KOP
Sec Filings
- 4/15/24 - Form 4
- 4/15/24 - Form 8-K
- 4/2/24 - Form ARS
- KOP's page on the SEC website