Koppers Completes Oregon Property Acquisition

Koppers Utility and Industrial Products Inc. (UIP), a wholly-owned subsidiary of Koppers Holdings Inc., a global integrated provider of treated wood products, wood treatment chemicals, and carbon compounds, announced today the acquisition of a 70-acre property in Glendale, Oregon.

The acquired property supports Koppers’ strategy to expand and optimize its business in order to achieve the company’s target of $300 million adjusted EBITDA in 2025, including optimizing Koppers Performance Chemicals distribution network and expanding the company’s wood treating capabilities to the West Coast.

The land, which was previously used as a sawmill, was purchased with equipment on the premises.

The Emerald Fund, LLC was the seller of the property.

President and Chief Executive Officer Leroy Ball commented on the transaction., “Our West Coast Performance Chemicals business has grown to the point where adding production and distribution capabilities makes sense to lower our costs and improve our margins. Longer-term, this property also has the potential to expand our industrial treating footprint into a geographic market that we do not yet serve. This example again demonstrates our ongoing focus on network optimization, a key strategic pillar of our value creation business model, and represents the next step on our path toward reaching our long-term profitability goal.”