Issue Date: December 14, 2009
Koppers To Buy Cindu Chemicals
Koppers has signed a letter of intent to acquire Cindu Chemicals, which operates a 140,000-metric-ton-per-year coal tar distillation plant in Uithoorn, the Netherlands. Cindu had sales of about $74 million last year from products such as carbon pitch, naphthalene, and carbon black. The sale is subject to the negotiation of a definitive agreement, regulatory approvals, and consultations with the firm’s work council.
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