PBS Coal to be sold to Canadian Firm

By WTAJ News

Published 07/15 2014 05:28PM

Updated 07/15 2014 05:30PM

FRIEDENS, SOMERSET COUNTY – PBS Coal will be changing hands soon after a deal for $60 million.

The Friedens-based company mostly produces coal used in steel manufacturing.

Now Canada Limited has entered into a sale agreement with Corsa Coal Corporation to buy the operation.

In December, PBS Coal announced they were laying off more than 130 workers because of a decline in orders.

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