Koppers Announces Sale of Property and Assets at Facility in Sweetwater, Tennessee

Koppers Holdings Inc. and Koppers Utility and Industrial Products Inc., a wholly owned subsidiary of Koppers Holdings Inc., today announced the completion of the sale of its utility pole treating facility in Sweetwater, Tennessee, to affiliates of Culpeper Wood Preservers.

As part of Koppers previously announced strategy to optimize its network of operations, the company 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.”

Sullivan continued, “In addition to providing benefits to both Koppers and Culpeper, I am further pleased that our former employees have the opportunity to stay on with Culpeper and maintain their livelihoods. On behalf of the global Koppers team, we wish them well and thank them for their efforts, especially in these challenging times due to the ongoing pandemic.”

The sale of Sweetwater is the latest step in the strategic transformation of Koppers to become the leading global provider of technologies to enhance wood. Since 2014, the company has made six acquisitions, three divestitures, and sold or closed 15 facilities across its global footprint, significantly increasing its financial performance in that timeframe.

About Koppers

Koppers, with corporate headquarters in Pittsburgh, Pennsylvania, is an integrated global provider of treated wood products, wood treatment chemicals, and carbon compounds. Our products and services are used in a variety of niche applications in a diverse range of end markets, including the railroad, specialty chemical, utility, residential lumber, agriculture, aluminum, steel, rubber, and construction industries. We serve our customers through a comprehensive global manufacturing and distribution network, with facilities located in North America, South America, Australasia, and Europe. The stock of Koppers Holdings Inc. is publicly traded on the New York Stock Exchange under the symbol “KOP.”

Contact:

Jessica Franklin – Manager, Corporate Communications, Brand and Giving – FranklinJm@koppers.com – (412) 227-2025

Source: Koppers Holdings, Inc.