Frieling creates new marketing position
Chad Price has joined Fort Mill, South Carolina-based Frieling USA as VP sales and marketing, a new position created to accelerate the expansion of the company’s sales and support.
He will be responsible for managing the sales force and increasing sales and distribution of the company’s gourmet kitchenware and tabletop lines. He reports to Monika Schnacke, CEO.
“Chad has the expertise and relationships to help us take our business to the next level, working with our able staff,” said Schnacke.
Price has a diverse background and strong track record in sales, marketing, product development and senior level management in the tableware, housewares and foodservice industries. For the past 9 years he was Vice President of Consumer Products for Schott-Zwiesel and Fortessa. He has also served as Executive Vice President for Bormioli Rocco USA and Vice President of Sales for Arc International.
Koppers completes Osmose deal
Koppers Inc., a wholly-owned subsidiary of Koppers Holdings Inc., completed the acquisition of the Wood Preservation and Railroad Services businesses of Osmose Holdings.
“Acquiring the two Osmose businesses is an important step in our long-term growth strategy for Koppers,” said Walt Turner, President and CEO of Koppers. “The businesses fit well within our core competencies, expand both our chemicals offering and our existing railroad and utilities products and services platform, and provide additional growth opportunities as we gain leading market positions in strategic end-markets around the world.
S ynergies are expected to be at least $12 million, the company said.
The Wood Preservation business, now known as Koppers Performance Chemicals, develops, manufactures and markets wood preservation chemicals and wood treatment technologies.
The business has operations and sales in North America, South America, Europe, and Australasia, and accounted for approximately $350 million of the revenue for the acquired businesses in 2013.
The Railroad Services business, now known as Koppers Railroad Structures, is a provider of railroad infrastructure services, including bridge inspection, engineering, maintenance and repair, and construction services for the Class I and shortline railroads in North America. The business accounted for approximately $40 million of revenue in 2013.
Koppers is financing the purchase through new and existing bank debt, including a new term loan and an increase to the company’s existing revolving credit facility.