PITTSBURGH—A Pennsylvania-based wood products maker has announced the signing of an agreement to buy the crosstie treating and manufacturing unit of Tolko Industries Ltd.
According to Koppers Inc., it signed the deal with Tolko to buy the business unit and manufacturing facility in Ashcroft, B.C., located northeast of Vancouver, for an undisclosed sum.
“The acquisition of Tolko’s crosstie treating business strengthens our presence in the Canadian railroad industry as well as the northwest region of the United States,” Koppers president and CEO Walt Turner said in a statement.
“This transaction fits well with our strategic growth plan for our railroad products and services business in North America as we continue to build on our commitment of providing quality products and services to the railroad industry.”
Koppers expects the deal to close within 30 days.