As a part of the sale transaction, Headwaters committed to identify 1 million tons of feedstock over the next 30 months for one of the facilities. Headwaters is subject to a $7 per ton liability for each ton that is not identified, and will work actively with the buyer to secure feedstock to meet the commitment.As of January, we have sold all eleven of our coal cleaning facilities and no longer have any operating assets represented in discontinued operations. This is an important transition step away from our legacy energy operations and allows increased focus on our continuing business in light building products and heavy construction materials. We anticipate recording a gain in the March quarter from the sale transaction.
Headwaters Incorporated Announces Results For First Quarter Of Fiscal 2013
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