Koppers sells concrete tie business Rocla
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Koppers sells concrete tie business to Rocla

6:51 AM, 14th July 2015
Koppers sells concrete tie business to Rocla
Leroy Ball, president and CEO, Koppers. (File photo)

PITTSBURGH, US: Koppers Inc, a wholly-owned subsidiary of Koppers Holdings Inc said that it will sell its jointly-owned concrete tie business, KSA Limited Partnership to Rocla Concrete Tie Inc for an undisclosed sales price. KSA is a 50/50 joint venture between Koppers and certain subsidiaries of Lehigh Hanson Inc.

“Similar to the divestiture of our US utility pole business earlier this year, the divestiture of our concrete tie business allows us to redeploy financial and human resources and concentrate our focus on our other businesses serving the North American railroad industry where we believe we are better positioned to add value,” said Tom Loadman, senior vice president, railroad products and services, Koppers.

“The sale of our concrete tie business represents part of our previously announced strategy of divesting non-core businesses and reducing leverage. We have struggled to generate consistent and meaningful profitability from this business since the creation of the joint venture in 1991, and did not see a clear path to changing that pattern in the future. As a result, we elected to monetize the value of the business today by selling it to an industry leader that was better positioned to help it reach its full potential,” said Leroy Ball, president and CEO, Koppers.

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