Koppers completes acquisition of Canadian crosstie treating business
Koppers Inc., has completed the purchase of the crosstie treating business and related manufacturing facility of Tolko Industries Ltd., located in Ashcroft, BC, Canada.
Koppers Inc., has completed the purchase of the crosstie treating business and related manufacturing facility of Tolko Industries Ltd., located in Ashcroft, BC, Canada.
Koppers Inc., has signed an asset purchase agreement to acquire the crosstie treating business and related manufacturing facility of Tolko Industries Ltd., located in Ashcroft, BC, Canada.
Koppers Inc. and Norfolk Southern have agreed to a three-year contract for bonded rail joint assemblies.
Koppers Inc. and Union Pacific agreed to extend their existing sales contract for an additional five years through January 31, 2017. Koppers provides treated railroad crossties and other railroad-related products and services to Union Pacific.
Koppers Inc., a subsidiary of Koppers Holdings Inc., and CSX Transportation Inc., have agreed to extend their existing sales contract for an additional five years through January 31, 2017. Koppers provides treated railroad crossties as well as other railroad related products and services to CSX.
Koppers Inc. received a purchase order to supply treated crossties to Vale in South America. The estimated revenues from the order are $9-$11 million, and the order is expected to be completed during 2012.
Koppers Inc. and CSX Transportation Inc. agreed to a three-year contract for bonded rail joint assemblies. The total value of the bonded rail joint assembly contract is estimated at $12-$13 million over the three-year period.
Koppers will produce the bonded rail joint assemblies for CSX at its Huntington, W.V., facility, which was acquired in December 2010 from Portec Rail Products Inc.
"We are very pleased to be able to sign this contract for our new business and continue to expand our relationship with a highly-valued customer like CSX," said Walter Turner, president and chief executive officer of Koppers.
Koppers Inc., producer of railroad products and services, has appointed Travis Gross as the northeast sales manager for the northeast territory of North America.
Gross will be responsible for the sales of Koppers pressure-treated wood and concrete crossties and switch ties, along with a full line of rail joints. The territory will include all non class 1 railroads in 12 northeastern U.S. states as well as the Canadian provinces of Ontario and Quebec.
Koppers Inc., producer of crossties and related pressure-treated wood products for railroads, is now designing, manufacturing and marketing an extensive line of rail joint products acquired from Portec Rail Products Inc. late in 2010.
These rail joint products are continuing to be manufactured at the former Portec Rail Products Inc. plant in Huntington, W.V., which was acquired in the transaction.
Koppers Inc., a
wholly-owned subsidiary of Koppers Holdings Inc., said that it has completed a
transaction to acquire the rail joint business product line and related
manufacturing facility of Portec Rail Products, Inc. for a purchase price of
$10.1 million less certain assumed liabilities, subject to certain working
capital and other adjustments. The purchase price was funded with cash on hand.
Koppers Inc. signed an Asset Purchase Agreement to acquire the Rail Joint business product line and related manufacturing facility of Portec Rail Products, Inc. for an undisclosed purchase price. The proposed transaction between Koppers and Portec is subject to certain regulatory approvals, including approval by the Antitrust Division of the Department of Justice, and other closing conditions.
Although there is no guarantee that the required approvals will be obtained or that the conditions will be satisfied, Koppers fully expects the acquisition to close by December 31, 2010, with the purchase price being funded by cash on hand.
The Portec Rail Joint business serves the domestic and international railroad markets with a variety of specialty rail products out of one location in Huntington, W. Va.; revenues for the business in 2010 are estimated at approximately $22 million.
Walt Turner, president of Koppers, said, "The acquisition of Portec’s Rail Joint business will strengthen our presence in the railroad industry, further enhancing our relationships and scope of products and services that we provide. We view this transaction as part of our continuing process and commitment to provide quality products and services to the railroad industry."
Koppers Holdings Inc. said that one of its wholly-owned
subsidiaries, Koppers International B.V. has completed a transaction to acquire
100 percent of the outstanding shares of privately-owned Cindu Chemicals B.V.
("Cindu") from joint owners Cindu B.V. and Corus Staal B.V. for an
undisclosed purchase price. Koppers has funded the acquisition primarily with
cash on hand in Europe.
Koppers Inc., a
wholly-owned subsidiary of Koppers Holdings Inc. said it has completed a
transaction with Barham-Sevier Tie Company, Inc. to acquire a crosstie
procurement business that includes land and equipment for an undisclosed
purchase price. The asset purchase from Barham-Sevier is expected to result in
total additional revenues of approximately $8 to $10 million on an annual basis.
Koppers Inc., a
wholly-owned subsidiary of Koppers Holdings Inc., has signed a letter of intent
to acquire 100 percent of the outstanding shares of privately-owned Cindu Chemicals
B.V. from joint owners Cindu B.V. and Corus Staal B.V. for an undisclosed
purchase price. The proposed transaction is subject to the negotiation and
execution of a definitive purchase and sale agreement, the completion of due
diligence, certain regulatory approvals, consultation with Cindu’s Works
Council, and other customary closing conditions. Upon completion, Koppers
expects to fund the acquisition primarily with cash.
Koppers
Inc., a subsidiary of Koppers Holdings Inc., and Burlington Northern Santa Fe
Corporation have agreed to a seven-year extension of an existing
contract for railroad crossties and various other products and services. The
agreement extends the existing contract, which runs through December 31, 2010,
for an additional seven years through December 31, 2017. Revenues from BNSF
under this contract amounted to approximately $57 million in 2008.
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The Association of American Railroads announced the 2018 recipients of the Holden-Proefrock Award and the 2017 Non-Accident Release (NAR) Grand Slam Awards.
Union Pacific recognized 54 companies with its Pinnacle Award for their commitment to safely transport chemical products.
The National Railroad Construction & Maintenance Association (NRC) has announced its board election results, adding two new members to the NRC board in 2018.