NewLead Holdings Ltd. (Nasdaq: NEWL) has completed a deal for a coal wash plant in Kentucky.

The plant cleans, blends, sizes, stores and delivers coal. Terms of the deal were not disclosed.

NewLead, headquartered in Piraeus, Greece, is a shipping and commodity company. The company owns three dry bulk vessels, and expects the acquisition to expand its commodity arm.

NewLead has been on Mergers & Acquisitions’ Distressed Company Watch List since Sept. 10, after indicating doubts about its ability to continue without the threat of liquidation.

 

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