We are pleased to announce that on October 1, 2013,Kanawha River Terminals (KRT), was acquired bySunCoke Energy Partners, L.P. (NYSE: SXCP),a master limited partnership majority owned by SunCoke Energy, Inc. (NYSE: SXC). SunCoke is the largest independent producer of coke in the Americas with 50 years of experience supplying coke to the integrated steel industry.
As a result of the transaction, KRT becomes a subsidiary of SXCP. We are pleased to align our unique strengths with SXCP and the broader SunCoke organization.SunCoke’sMiddletown and Granite City cokemakingoperationshave been KRT customersfor a number of years. As one of the largest purchasers of metallurgical coal in the United States, SunCoke is also very familiar with KRT’sleadership as a met and thermal coal blending/handling terminal service provider.
We are confident this alliance marks an important step forward and a new chapter of growth for KRT, one that will benefit our respective businesses along with customers, employees, suppliers and the communities where we live and work. Day-to-day it should be business as usual. SunCoke plans to maintain KRT’s current operations and employee base, including all of our senior management. Our existing customers can expect to receive the same quality service KRT has always provided and now gain access to expanded capabilities and servicing through the SunCoke family.
Kanawha River Terminals (KRT). Four state-of-the-art facilities, including the award-winning Ceredo Dock. Extraordinarily convenient, KRT has a presence on the Big Sandy River, the Ohio River and the Kanawha River, with a sixth facility on Highway 1185 near Louisa, KY that, like the others, offers coal receipts and substantial ground storage. Well-equipped to blend and transload over 30 million tons of coal annually, KRT gives you unique access to both the CSX and Norfolk Southern railroads for unsurpassed flexibility in delivering coal by trucks, railcars and barges. A fifth facility, a liquids terminal located on the Ohio River, is currently in service transloading asphalt. A leading terminal service provider, KRT is backed by decades of experience to capably provide customers with superior service at the lowest possible price. We can blend to specific requirements, and deliver coal to all ports on the U.S. Gulf Coast, the East Coast and the Great Lakes for export. When it comes to our unparalleled ability to meet the needs of steam and met coal consumers, no company shines brighter than KRT.
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