July 31, 2009 was a transformative day for Alpha Natural Resources. On that day Alpha merged with Foundation Coal, which like Alpha was one of the nation’s premier coal suppliers.
By combining the energy of two high-performing organizations, one strong entity has emerged, with size, scale and scope—and an intense ambition to be a world-class energy company.
Alpha Natural Resources becomes the third-largest coal producer in America, providing:
- Employees with a stable work environment and the opportunity to develop professionally;
- Customers with the highest level of service, a diversified selection of products and innovative technology;
- Investors with an attractive opportunity to invest in an organization with an outstanding financial track record, a strong balance sheet and excellent liquidity, and promising synergy opportunities
Key Statistics Related to the Merger:
· All stock merger
· Transaction value of approximately $2.0 billion
· Pro forma 2008 revenues of $4.2 billion
· America’s #1 metallurgical coal supplier
· 6200 combined employees
· Over 60 mines, 14 coal preparation plants
· 2.3 billion tons of reserves in four coal-producing basins
Alpha and Foundation: Combined Statistics