Rocla Concrete Tie Acquires Rail Tie Partnership from Koppers and Lehigh Hanson
Lakewood, Colorado, July 13, 2015 – Rocla Concrete Tie, Inc. (Rocla), the leading manufacturer of prestressed concrete railroad ties in North America, is very pleased to announce the acquisition of KSA Limited Partnership (KSA), a joint venture owned by Pittsburgh-based Koppers Inc., a wholly-owned subsidiary of Koppers Holdings Inc. (NYSE: KOP) and Dallas-based Lehigh Hanson, Inc.
KSA, founded in 1992, manufactures concrete ties, concrete turnout ties, concrete grade crossing ties as well as other concrete products for the railroad industry. Its customer base extends to Class 1 railroads as well as to commuter and transit customers primarily in the Eastern United States. It is headquartered and has its manufacturing operation in Portsmouth, Ohio.
The acquisition will allow for Rocla to expand its customer base as well as its product range. KSA is a recognized market leader in the concrete turnout market and a major supplier to the concrete grade crossing market.
Commenting on the acquisition, Rocla President and CEO Peter Urquhart said, “We are very excited that this business, led by General Manager Scott Craig, complements Rocla’s strategic initiative of expanding its product solutions to the railroad industry. We also anticipate that the KSA acquisition will provide a platform for further opportunities to grow the business.”
About Rocla Concrete Tie, Inc.
Rocla is the leading producer of pre-stressed concrete rail ties in the United States. Major customers for its products include Amtrak, Burlington Northern and Union Pacific, as well as other Class I railroads, light rail/transit projects, high-speed corridors and industrial/ports all around the country. Rocla began producing ties in the United States in 1987 and now has manufacturing plants in Pueblo, Colorado, Amarillo, Texas, Bear, Delaware and San Jose Iturbi, Mexico. Rocla is a portfolio company of Altus Capital Partners, which specializes in investments in middle-market manufacturing companies based in the U.S.
For more information on Rocla, please visit www.roclatie.com.