SunCoke Energy to acquire Phoenix Global for $325m.

SunCoke Energy, a high-quality coke processing and handling company, agreed to acquire Phoenix Global, a provider of molten slag, metal scraps, raw materials, and finished products handling and transportation services, for $325m. “I am excited to welcome Phoenix Global to the SunCoke family. The acquisition of Phoenix is an excellent strategic fit for SunCoke, as it expands and diversifies our customer base and enhances our capabilities as a supplier of industrial services to steelmaking customers. We believe SunCoke’s long-term shareholders will benefit from our disciplined approach to growth. This acquisition of a high-quality asset in an adjacent space provides a platform for organic growth and increased shareholder value by leveraging SunCoke’s solid balance sheet, strong financial profile, technical expertise, and disciplined investment in assets,” Katherine T. Gates, SunCoke President and CEO.