PITTSBURGH, PA-- Railroad tie and utility pole manufacturer Koppers Holdings Inc. posted an 11 percent increase of $44.9 million in sales for the third quarter over the same quarter last year.
Sales of $440.1 million were driven in part by $53.4 million in sales from the acquisition of the wood preservation and railroad services businesses of Osmose Holdings, Inc. The Osmose Wood Preservation business manufactures and markets wood preservation chemicals and wood treatment technologies. With operations and sales in North America, Latin America, Europe, and Australasia, it generated $350 million in 2013 revenue. Osmose's Railroad Services, which operates primarily in North America, generated $40 million in revenue last year.
Koppers reported the quarter was consistent with the previous half of 2014 with reduced sales prices and volumes compared to the prior year.
In the second quarter the company reported consolidated sales of $356.8 million for the second quarter of 2014, a four percent, or $14.1 million, decline from sales of $370.9 million in the prior year quarter.
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