Chemical and carbon exploration and manufacturing companies, Fangda Carbon and C-Chem completed the acquisition of a 75% stake in Koppers Carbon Chemical Company, a tar distiller from Koppers, a provider of treated wood products, wood treatment chemicals and carbon compounds, for $107m. "Our focus shifted significantly since the KJCC facility was built in the 2012-2014 time period. With our subsequent strategic pivot toward an emphasis on wood treatment technologies, it made sense to consider divesting this business at the right price so we can better focus on core markets and products. I am proud of the stellar safety and environmental record of KJCC employees who truly took our Zero Harm mindset to heart. I wish them the best and thank them for their contributions to Koppers success," James Sullivan, Koppers Executive Vice President and Chief Operating Officer.