Koppers buys European supplier of carbon black feedstock

ERJ staff report (DS)

Pittsburgh, Pennsylvania -- Koppers Inc., a wholly-owned subsidiary of Koppers Holdings Inc. said it expects to buy all the outstanding shares of privately-owned Cindu Chemicals B.V. ("Cindu") from joint owners Cindu B.V. and Corus Staal B.V. for an undisclosed purchase price.

Cindu's products include carbon pitch, naphthalene, carbon black feedstock and certain specialty products and coatings. The most recently reported sales for Cindu were for the year ended December 31, 2008 and totaled approximately EUR 50 million. The business includes a 140,000 metric ton tar distillation plant located in Uithoorn, Netherlands, storage tanks located at the Port of Amsterdam, and a long-term tar supply contract with Corus Staal.

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Press release from Koppers