Koppers Inc. Subsidiary Agrees to Purchase Lambson Speciality Chemicals Ltd.
May 14, 2005 at 12:00 AM EDT
Specialist in the production of ammonium sulphate and the recovery of acids and glycerol will relocate to Koppers UK at Teesside
PITTSBURGH, April 14, 2005 - PRNewswire - A subsidiary of Koppers UK Limited has agreed to buy the business and assets of Lambson Speciality Chemicals Limited, a subsidiary of the British chemical company Lambson Group Limited of Castleford, West Yorkshire. Terms were not disclosed. Koppers UK Limited is a wholly owned subsidiary of Koppers Inc.
The new venture will be called Koppers Lambson and will create new synergies for two of the leading specialty chemicals concerns in the United Kingdom.
"The combination of Lambson Speciality Chemicals with our extensive operational facilities and financial backing will allow us to further develop this chemical business," said Walter W. Turner, President and Chief Executive Officer of Koppers. "Our bulk storage port facilities, laboratory testing capability, power generation and waste water treatment plant complement the Lambson processes and products."
"Lambson Speciality Chemicals, together with its management team, are well recognized within the U.K. chemical sector," added David Whittle, Vice President, European Operations for Koppers. "We are particularly excited at the prospect of developing the Lambson business further while enhancing our existing operational capabilities."
As part of the sale, Lambson Speciality Chemicals Limited will transfer its operations and production units from its current site at Castleford in West Yorkshire to the Koppers UK Port Clarence site at Teesside. The leadership of Lambson Speciality Chemicals will relocate to the Koppers European Operations Head Office at Scunthorpe in North Lincolnshire and will assist in the transition and growing the business.
Company officials said the relocation will be phased to minimize interruptions and maintain current business activities and customer contractual obligations.
About Koppers Koppers Inc., with corporate headquarters and a research center in Pittsburgh, Pennsylvania, is a global integrated producer of carbon compounds and treated wood products. Including its joint ventures, Koppers operates 38 facilities in the United States, United Kingdom, Denmark, Australia, China, the Pacific Rim and South Africa. The Company is a wholly owned subsidiary of KI Holdings Inc. The stock of KI Holdings Inc. is shared by a large number of employee investors and by majority equity owner Saratoga Partners of New York, N.Y.
For Information:
Rebecca R. Duke
Director, Communications, Development & Compensation
(412) 227-2947
(email)
Paul Furiga
WordWrite Communications
(412) 427-0597
(email)
PITTSBURGH, April 14, 2005 - PRNewswire - A subsidiary of Koppers UK Limited has agreed to buy the business and assets of Lambson Speciality Chemicals Limited, a subsidiary of the British chemical company Lambson Group Limited of Castleford, West Yorkshire. Terms were not disclosed. Koppers UK Limited is a wholly owned subsidiary of Koppers Inc.
The new venture will be called Koppers Lambson and will create new synergies for two of the leading specialty chemicals concerns in the United Kingdom.
"The combination of Lambson Speciality Chemicals with our extensive operational facilities and financial backing will allow us to further develop this chemical business," said Walter W. Turner, President and Chief Executive Officer of Koppers. "Our bulk storage port facilities, laboratory testing capability, power generation and waste water treatment plant complement the Lambson processes and products."
"Lambson Speciality Chemicals, together with its management team, are well recognized within the U.K. chemical sector," added David Whittle, Vice President, European Operations for Koppers. "We are particularly excited at the prospect of developing the Lambson business further while enhancing our existing operational capabilities."
As part of the sale, Lambson Speciality Chemicals Limited will transfer its operations and production units from its current site at Castleford in West Yorkshire to the Koppers UK Port Clarence site at Teesside. The leadership of Lambson Speciality Chemicals will relocate to the Koppers European Operations Head Office at Scunthorpe in North Lincolnshire and will assist in the transition and growing the business.
Company officials said the relocation will be phased to minimize interruptions and maintain current business activities and customer contractual obligations.
About Koppers Koppers Inc., with corporate headquarters and a research center in Pittsburgh, Pennsylvania, is a global integrated producer of carbon compounds and treated wood products. Including its joint ventures, Koppers operates 38 facilities in the United States, United Kingdom, Denmark, Australia, China, the Pacific Rim and South Africa. The Company is a wholly owned subsidiary of KI Holdings Inc. The stock of KI Holdings Inc. is shared by a large number of employee investors and by majority equity owner Saratoga Partners of New York, N.Y.
For Information:
Rebecca R. Duke
Director, Communications, Development & Compensation
(412) 227-2947
(email)
Paul Furiga
WordWrite Communications
(412) 427-0597
(email)