Koppers Holdings subsidiary to acquire Brown Wood Preserving for $100M

Koppers Holdings announced that Koppers Utility and Industrial Products, a wholly owned subsidiary of Koppers Holdings, signed an agreement to acquire substantially all of the assets of Brown Wood Preserving Company, Inc. and certain of its affiliates for approximately $100 million in cash. 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. CEO Leroy Ball added, “The acquisition of Brown Wood is the logical next step to our announced intentions to focus on growing our utility pole treatment business through both organic and inorganic means. While this likely will not add materially to 2024 results due to timing and integration costs, all things equal, it should enable Koppers to achieve 2025 adjusted earnings before interest, taxes, depreciation and amortization of between $315 million and $325 million.”