Business Context and Reporting Period
Koppers Holdings Inc. filed this Form 8-K on January 7, 2014, reporting the entry into a material definitive agreement. The company is incorporated in Pennsylvania and operates with principal executive offices in Pittsburgh.
Key Financial Metrics
This filing does not report standard periodic financial metrics such as revenue, profit, cash flow, margins, or debt levels. The primary financial data point disclosed is the aggregate purchase price for a specific acquisition:
- Acquisition Cost: CAD$31.5 million (subject to working capital adjustments).
- Funding Source: Primarily cash on hand.
Material Changes
On January 7, 2014, Koppers Inc. and its wholly-owned subsidiary, Koppers Ashcroft Inc., entered into an Asset Purchase Agreement with Tolko Industries Ltd. The agreement covers the acquisition of Tolko's crosstie treating business and a related manufacturing facility located near Ashcroft, British Columbia, Canada.
Outlook, Risks, and Management Commentary
Transaction Status: Closing is expected to occur within thirty days, subject to customary closing conditions.
Risks: The transaction is contingent upon the satisfaction of customary closing conditions. No other specific risks or contingencies were detailed in this filing text.
Management Commentary: The filing incorporates by reference a press release dated January 8, 2014, regarding the signing of the agreement.
Investor Verification Checklist
- Verify the final closing date of the acquisition (expected within 30 days of Jan 7, 2014).
- Confirm the final purchase price after working capital adjustments.
- Review the attached Press Release (Exhibit 99.1) for strategic rationale and additional details.
- Monitor future filings for the impact of this acquisition on consolidated financial statements.