M&A Deal Summary

Arch and ITOCHU Coal International Acquire Canyon Fuel Co.

On December 20, 1996, Arch and ITOCHU Coal International acquired oil/gas exploration company Canyon Fuel Co.

Acquisition Highlights
  • This is Arch’s 1st and ITOCHU Coal International’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Arch’s 1st and ITOCHU Coal International’s 1st transaction in the United States.
  • This is Arch’s 1st and ITOCHU Coal International’s 1st transaction in Utah.
Investment Fate
  • Canyon Fuel Co. was divested to a consortium of strategic buyers in 2013 for 423M USD.

M&A Deal Summary

Date 1996-12-20
Target Canyon Fuel Co.
Sector Oil/Gas Exploration
Buyer(s) Arch
ITOCHU Coal International
Deal Type Add-on Acquisition

Target

Canyon Fuel Co.

Midvale, Utah, United States
Canyon Fuel owns and operates two longwall mines in Utah - Sufco in Sevier County and Dugout Canyon in Carbon County. In addition, the company owns the currently idle Skyline mine, which also is located in Carbon County. In total, Canyon Fuel controls approximately 161 million tons of high-quality, low-sulfur coal reserves in Utah.

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Buyer(S) 2

Buyer

Arch

St. Louis, Missouri, United States

Category Company
Founded 1969
Sector Metals/Mining
Employees3,404
Revenue 3.1B USD (2023)
DESCRIPTION

Arch is a coal producer and marketer. Its core business is supplying cleaner-burning, low-sulfur thermal and metallurgical coal to power generators and steel manufacturers on five continents. Arch was founded in 1969 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 1 of 11
Sector: Oil/Gas Exploration M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 3
State: Utah M&A 1 of 1
Country: United States M&A 1 of 11
Year: 1996 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-05-29 Vulcan Coal Holdings

Wyoming, United States

Vulcan Coal Holdings LLC is the parent company for Triton Coal Company.

Buy $364M
Buyer

ITOCHU Coal International

United States

Category Company
Sector Metals/Mining
DESCRIPTION

ITOCHU Coal International, Inc. is a coal producer in US.


DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Utah M&A 1 of 1
Country: United States M&A 1 of 1
Year: 1996 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-19 Canyon Fuel Co.

Midvale, Utah, United States

Canyon Fuel owns and operates two longwall mines in Utah - Sufco in Sevier County and Dugout Canyon in Carbon County. In addition, the company owns the currently idle Skyline mine, which also is located in Carbon County. In total, Canyon Fuel controls approximately 161 million tons of high-quality, low-sulfur coal reserves in Utah.

Sell $423M