Mergers and Acquisitions (M&A): SunCoke Energy, Inc. (NYSE: SXC) Acquires Phoenix Global for $325 Million.
SunCoke Energy has announced the acquisition of Phoenix Global. According to the company announcement SunCoke Energy, Inc. (NYSE: SXC) is a leading independent producer of high-quality coke, a critical component in the blast furnace production of steel and foundry production of cast iron. The company supplies both domestic and international customers, with a majority of its sales secured through long-term, take-or-pay contracts. SunCoke utilizes an innovative heat-recovery technology in its cokemaking process, capturing excess heat for steam or electrical power generation at its facilities located in Illinois, Indiana, Ohio, Virginia, and Brazil. Beyond coke production, SunCoke also operates a logistics business that provides export and domestic material handling services for various bulk materials, including coke, coal, steel, and power, and offers mission-critical services to global steel producing companies. The recent acquisition of Phoenix Global for $325 million further diversifies SunCoke’s portfolio by adding electric arc furnace operations and expanding its reach into new international markets.
To learn more about SunCoke Energy, visit https://www.suncoke.com
Company LinkedIn Page: https://www.linkedin.com/company/suncoke-energy/
Company Contact:
SunCoke Energy
1011 Warrenville Road 6th Floor Lisle, IL 60532
630-824-1000
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