Savage, a privately owned supply-chain solutions and industrial services company based in Salt Lake City, has purchased Abingdon, Virginia-based Gobco LLC and Power Fuels LLC. Financial terms were not disclosed.
The two acquired companies are active in coal reclamation in Virginia. Gobco specializes in the removal of waste coal piles from abandoned mines and the restoration of impacted land, streams and forests. The waste coal, known as gob, is separated from rock and transported by truck to the Power Fuels terminal in St. Paul, Virginia, where it is blended with run-of-mine coal and used to generate electricity at Dominion’s state-of-the-art Virginia City Hybrid Energy Center.