Koppers acquires Australian utility pole supplier
By Kim Leonard
Published: Tuesday, November 6, 2012, 5:06 p.m.
Updated: Tuesday, November 6, 2012
Koppers Holdings Inc. said its Koppers Wood Products subsidiary has an agreement to acquire Western Poles, which procures and processes timber for the western Australian utility pole market.
Financial terms weren't disclosed in Tuesday's announcement, but the transaction is expected to close by the end of November.
Western Poles' primary customer is Western Power, which maintains about 660,000 utility poles. Koppers said the acquisition is a further move by the company into the utility pole supply chain, and should provide more than $10 million in additional pole sales annually.
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