Koppers Holdings Inc., under its wholly owned subsidiary, Koppers Utility and Industrial Products Inc., has announced plans to acquire a majority of assets, estimated at about $100 million in cash, from Brown Wood Preserving Company, Inc. and a few of its affiliates. The acquisition will be financed using a blend of cash resources and borrowed funds.
The company's CEO, Leroy Ball, has indicated that although this acquisition may not bring significant changes to the company's financial results in 2024 due to the costs associated with timing and integration, it is expected to propel Koppers towards achieving adjusted earnings of between $315 million to $325 million in 2025.
Once the acquisition is completed, Brown Wood will become an integrated part of Koppers Utility and Industrial Products. The deal is projected to be finalized in the second quarter of 2024, upon meeting all standard finalization stipulations.
