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Koppers Inks Agreement To Acquire Brown Wood Preserving For $100M

Author: Benzinga Newsdesk | February 28, 2024 09:09am

Brown Wood manufactures and sells pressure-treated wood utility poles.  The transaction is expected to close in the second quarter of 2024, subject to customary closing conditions
Under the terms of the transaction, Koppers is acquiring Brown Wood for a base purchase price of $100 million in cash, subject to certain closing adjustments, and plans to finance the acquisition through cash and borrowing capacity.  Brown Wood will be operated as part of Koppers Utility and Industrial Products upon closing.

Posted In: KOP


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