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Mergers and Acquisitions in the Coal Industry

World Coal,

McLanahan Corp. has acquired Universal Engineering Corp., a company with a long history of manufacturing equipment for the aggregate and mining industries.

Having been focused for over a century on developing equipment for crushing soft minerals (roll crushers, feeder breakers and rotary breakers etc.), this acquisition opens up a new dimension to the equipment that McLanahan Corp. is able to provide. Specifically, this new range of equipment comes in the form of hard rock crushing, apron, pan and wobbler feeders.

“It is our hope to grow the sales of Universal equipment around the world,” said George Sidney, McLanahan president and COO.

In other news, Joy Mining Machinery announced on Monday that it has entered into a distribution agreement with J. H. Fletcher & Co.

The agreement gives Joy the right to market, sell and service all Fletcher products to coal mines, as well as hard rock and industrial mineral mines that use Joy Mining Machinery cutting products. This agreement, which is effective immediately, covers all locations worldwide with the exception of North America, Australia and Norway where Fletcher will continue to market, sell and service its products as it has in the past, and coal mines in Poland where Joy’s rights will not be exclusive.

It is believed that the agreement will allow Joy to provide a far broader mining system solution; in addition to cutting, haulage, crushing, and conveying solutions, Joy Mining Machinery will now be able to offer maintenance contracts for complete sets of equipment, including Joy underground mining machinery and Fletcher bolters.

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