Beazer to Sell 3 Koppers’ Divisions for $60 Million
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PITTSBURGH — Beazer PLC, a British-American home-building and construction materials company, said it signed preliminary agreements for the sale of three Koppers Co. units for about $60 million.
Buyers’ names were not disclosed.
The units sold were Koppers International Canada Ltd., a steel culvert pipe manufacturer based in Cambridge, Ontario; Ivy Steel and Wire Co. Inc., a welder wire producer based in Houston, and Meadow Steel Products Inc., a Tampa, Fla., manufacturer of steel reinforced construction materials, said Koppers spokesman Bob O’Gara.
“It’s just part of a business plan to divest certain Koppers units that don’t fit in with the Beazer PLC strategy,” O’Gara said.
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