Koppers Holdings Inc. and Koppers Utility and Industrial Products Inc., a wholly owned subsidiary of Koppers Holdings Inc., announced the completion of the sale of its utility pole treating facility in Sweetwater, Tennessee, to affiliates of Culpeper Wood Preservers.
Koppers has transferred its assets at the Sweetwater facility to Culpeper in exchange for an undisclosed sum. Employees at the site have been given an opportunity to remain with Culpeper.
Commenting on the transaction, Koppers Executive Vice President and Chief Operating Officer Jim Sullivan said, "We are pleased to take this next step in optimizing our treating footprint by consolidating underutilized capacity. Making this deal even better is that a valued customer of our Performance Chemicals business is interested in the site to serve their growing residential treating business."
Koppers, with corporate headquarters in Pittsburgh, Pennsylvania, is an integrated global provider of treated wood products, wood treatment chemicals, and carbon compounds.
