Koppers Holdings Inc., an integrated global provider of treated wood products, wood treatment chemicals and carbon compounds, signed an agreement to acquire substantially all assets of Brown Wood Preserving company 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.
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.
