Arch Coal Announces Sale of Manufacturing Unit ADDCAR for $21 Million
ADDCAR has been a wholly owned subsidiary of
"This divestiture is consistent with our previously announced and ongoing efforts to monetize non-core assets," said
"We wish UGM success as it expands its mining expertise and reach, and we thank the employees of ADDCAR for their dedication and professionalism," said Eaves.
The sale includes all licenses, patents and technology related to the ADDCAR highwall mining system and its manufacturing facility located in
UGM will pay Arch
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