PITTSBURGH (Dec. 8, 2009)—Koppers Inc. said it expects to buy all the outstanding shares of privately owned Cindu Chemicals B.V. 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. Cindu's sales for 2008 totaled about $73.5 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.