PE-backed Koppers buys Tolko's railroad products business for $32 mln
Vernon, B.C.-based forest products company Tolko Industries Ltd recently sold its crosstie treating business and related manufacturing facility to Koppers Holdings Inc (NYSE: KOP) for $32.4 million. The Tolko treating division produces railway ties, bridge timbers and crossing planks. Koppers, a Pittsburgh, Penn.-based integrated producer of carbon compounds and treated wood products, said the acquisition will strengthen its presence in the Canadian railroad industry as well as in the northwest U.S. Koppers is a portfolio company of New York-based private equity firm Saratoga Partners. Capital West Partners acted as financial advisor to Tolko in the transaction.
29 January 2014•3 mins read
