Koppers to use borrowing capacity to help fund Brown Wood purchase

By Sara Rosenberg

New York, Feb. 28 – Koppers Holdings Inc. plans to use borrowing capacity and cash to fund its roughly $100 million acquisition of Brown Wood Preserving Co. Inc., according to a news release.

Upon closing, Brown Wood will be operated as part of Koppers Utility and Industrial Products Inc., a wholly owned subsidiary of Koppers Holdings.

Closing is expected in the second quarter, subject to customary conditions.

Koppers is a Pittsburgh-based provider of treated wood products, wood treatment chemicals and carbon compounds. Brown Wood is a Louisville, Ky.-based manufacturer and seller of pressure-treated wood utility poles.

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