PITTSBURGH, Jan. 9, 2019 /PRNewswire/ -- Koppers Inc., a
wholly-owned subsidiary of Koppers Holdings Inc. (NYSE: KOP), today
announced that its Performance Chemicals business has entered into
a sales arrangement to supply FlamePRO® to Biewer Lumber. Supply
will begin effective immediately and is estimated to
generate sales of approximately $10
million over a two-year period, with the potential to extend
for an additional 12 months.
"Koppers is excited about the opportunities to grow in our
select markets related to our fire-retardant product. We introduced
FlamePRO® in September 2018 for
wood-based construction applications and we are pleased that it is
being recognized as a premier solution in the marketplace," said
Koppers Performance Chemicals Senior Vice President Doug Fenwick.
Commenting on the partnership, Biewer Lumber Vice President
Doug O'Rourke said, "Biewer Lumber's
long-standing history with Koppers has remained unwavering over the
years. With the introduction of FlamePRO® into their portfolio, we
felt that we could strengthen our position in the market with their
partnership."
As previously announced, FlamePRO® serves a growing addressable
market that is currently estimated at $60
million to $80 million in
the United States. For more
information, visit http://kopperspc.com/flamepro/.
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. Including our joint ventures, we serve our
customers through a comprehensive global manufacturing and
distribution network, with facilities located in North America, South
America, Australasia, China
and Europe. The stock of Koppers Holdings Inc. is publicly
traded on the New York Stock Exchange under the symbol "KOP."
For more information, visit us on the Web: www.koppers.com.
Questions concerning investor relations should be directed to
Michael J. Zugay at 412 227 2231 or
Quynh McGuire at 412 227 2049.
About Biewer Lumber
Headquartered in St. Clair,
Michigan, Biewer Lumber's current operating structure
includes five sawmills, three pressure-treating plants and a
full-service Logistics fleet. Biewer Lumber manufactures and
distributes lumber and building materials for use by contractors,
builders, and do-it-yourselfers. Biewer customers include retail
lumber yards, home centers, and manufacturers throughout the U.S.
and parts of Canada.
Safe Harbor Statement
Certain statements in this press
release are "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995 and may include,
but are not limited to, statements about sales levels,
acquisitions, restructuring, declines in the value of Koppers
assets and the effect of any resulting impairment charges,
profitability and anticipated expenses and cash outflows. All
forward-looking statements involve risks and uncertainties. All
statements contained herein that are not clearly historical in
nature are forward-looking, and words such as "outlook,"
"guidance," "forecast," "believe," "anticipate," "expect,"
"estimate," "may," "will," "should," "continue," "plans,"
"potential," "intends," "likely," or other similar words or phrases
are generally intended to identify forward-looking
statements. Any forward-looking statement contained herein,
in other press releases, written statements or other documents
filed with the Securities and Exchange Commission, or in Koppers
communications and discussions with investors and analysts in the
normal course of business through meetings, phone calls and
conference calls, regarding expectations with respect to sales,
earnings, cash flows, operating efficiencies, restructurings, the
benefits of acquisitions, divestitures, joint ventures or other
matters as well as financings and debt reduction, are subject to
known and unknown risks, uncertainties and contingencies.
Many of these risks, uncertainties and contingencies are beyond our
control, and may cause actual results, performance or achievements
to differ materially from anticipated results, performance or
achievements. Factors that might affect such forward-looking
statements include, among other things, the impact of changes in
commodity prices, such as oil and copper, on product margins;
general economic and business conditions; potential difficulties in
protecting our intellectual property; the ratings on our debt and
our ability to repay or refinance our outstanding indebtedness as
it matures; our ability to operate within the limitations of our
debt covenants; potential impairment of our goodwill and/or
long-lived assets; demand for Koppers goods and services;
competitive conditions; interest rate and foreign currency rate
fluctuations; availability and costs of key raw materials;
unfavorable resolution of claims against us, as well as those
discussed more fully elsewhere in this release and in documents
filed with the Securities and Exchange Commission by Koppers,
particularly our latest annual report on Form 10-K and quarterly
report on Form 10-Q. Any forward-looking statements in this
release speak only as of the date of this release, and we undertake
no obligation to update any forward-looking statement to reflect
events or circumstances after that date or to reflect the
occurrence of unanticipated events.
For Information:
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Michael J. Zugay,
Chief Financial Officer
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412 227
2231
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ZugayMJ@koppers.com
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SOURCE Koppers Holdings Inc.