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Slide #28. Calumet Specialty Products Partners, L.P. — American Capital's interest in ADF Holdings, Inc.
Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT)
American Capital's interest in ADF Holdings, Inc.
American Capital, Ltd. (Nasdaq: ACAS) ("American Capital") announced today that it has sold its interest in ADF Holdings, Inc., the parent company of Anchor Drilling Fluids USA, Inc. (collectively, "Anchor" or the "Company"), to Calumet Specialty Products Partners, L.P. (Nasdaq: CLMT), a leading independent producer of specialty hydrocarbon and fuel products. American Capital received $33 million in debt and equity proceeds from the transaction, subject to post-closing adjustments.
Calumet Specialty Product Partners is a holding company. Through its subsidiaries, Co. is an independent producer of hydrocarbon products in North America. Co. has two segments, specialty products and fuel products. In its specialty products segment, Co. processes crude oil and other feedstocks into a variety of customized lubricating oils, solvents, waxes, synthetic lubricants, and other products. Co.'s specialty products are sold to customers who purchase them as raw material components for basic industrial, consumer and automotive goods. In its fuel products segment, Co. processes crude oil into fuel and fuel-related products and resells purchased crude oil to third-party customers.
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Hold (2.00 out of 4)
(ranked lower than approx. 96% of all stocks covered)
Based on Zacks ABR data;
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