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Rail News: M&A
Rocla acquires concrete tie business from Koppers and Lehigh
Rocla Concrete Tie Inc. announced today it has acquired KSA Limited Partnership from Koppers Inc. and Lehigh Hanson Inc.
Rocla officials expect the acquisition to allow the company to expand its customer base and product range.
Founded in 1992, KSA manufactures concrete ties, concrete turnout ties, concrete grade crossing ties and other concrete products for the rail industry. It serves Class Is, as well as commuter and transit customers primarily in the eastern United State.
KSA's headquarters and manufacturing operations are located in Portsmouth, Ohio.
"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," said Rocla President and Chief Executive Officer Peter Urquhart in a statement. "We also anticipate that the KSA acquisition will provide a platform for further opportunities to grow the business."
Rocla did not disclose the financial details of the acquisition in the announcement.
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