Knickerbocker’s Phoenix Deal
<i> Dow Jones</i>
L.L. Knickerbocker Co. has acquired a 6.7% interest in Phoenix Environmental Ltd., a development stage company whose technology converts steel mill byproducts and other steel-based waste streams into a marketable industrial product.
Lake Forest-based Knickerbocker said Monday that it will exchange 2% of its holdings in Pure Energy Corp. for the Phoenix Environmental stake, which it said is currently valued at about $40 million.
