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2010-12-23 09:56:00

PITTSBURGH, Dec. 23, 2010 /PRNewswire-FirstCall/ -- L.B. Foster Company ("L.B. Foster", Nasdaq: FSTR) and Portec Rail Products, Inc. ("Portec", Nasdaq: PRPX) today announced the closing of an Asset Purchase Agreement ("APA") with Koppers, Inc., a wholly-owned subsidiary of Koppers Holdings Inc. ("Koppers", NYSE: KOP). Koppers will purchase the assets of Portec's rail joint business primarily located at Portec's Huntington, WV Plant. Revenues for this business in 2010 are estimated at...

2008-08-05 03:00:34

By Joe Napsha, The Pittsburgh Tribune-Review Aug. 5--Koppers Holdings Inc. of Pittsburgh said Monday it is selling its Monessen coke plant to the world's largest steelmaker for $160 million in a deal that will end its involvement in the coke-making business. Koppers Inc., a subsidiary of Koppers Holdings, said it expects the sale to ArcelorMittal SA of Luxembourg to be completed in the fourth quarter. The deal is subject to regulatory approvals. The sale would affect about 180...

2008-08-04 03:00:22

Regulatory News: ArcelorMittal, the world's leading steel company, today announces that it has signed an agreement to acquire the Koppers' Monessen Coke Plant from Koppers Inc. for $US 160 million. Koppers' Monessen Coke Plant, located in Monessen, Pennsylvania produced 320,000 metric tons of metallurgical coke in 2007. The transaction is subject to receipt of relevant regulatory approvals. Commenting, Sudhir Maheshwari, Member of ArcelorMittal's Group Management Board with...


Word of the Day
baudekin
  • A rich embroidered or brocaded silk fabric woven originally with a warp of gold thread.
'Baudekin' seems to be an alternative form of 'baldachin,' from the Italian 'Baldacco,' Baghdad, the city where the material was made.
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