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Oil & Gas Equipment & Services M&A image Oil & Gas Equipment & Services M&A » By The Online Investor Staff, updated Thu., May. 6, 6:41 PM Recent mergers and acquisitions in the Oil & Gas Equipment & Services M&A category.

Slide #72. Martin Midstream Partners L.P. Assets of NL Grease, LLC

Acquirer: Martin Midstream Partners L.P. (NASDAQ:MMLP)
Acquiree: Assets of NL Grease, LLC
Details: Martin Midstream Partners L.P. (Nasdaq:MMLP) ("MMLP" or the "Partnership") announced today that its subsidiary, Martin Operating Partnership L.P., has entered into an asset purchase agreement to acquire substantially all of the assets and inventory of Kansas City, Missouri based NL Grease, LLC, a grease manufacturer that specializes in private-label packaging of commercial and industrial greases. The acquisition is expected to close before the end of July 2013. The Partnership expects incremental cash flow of approximately $2.5 million annually from the newly acquired assets.

Martin Midstream Partners has a set of operations focused primarily in the United States Gulf Coast region. Co.'s primary business segments are: Terminalling and Storage, which provides storage, refining, blending, packaging, and handling services for producers and suppliers of petroleum products and by-products; Transportation, which operates a fleet of both land transportation and marine transportation assets that transport petroleum products and by-products, petrochemicals, and chemicals; Sulfur Services, which transports molten sulfur and fertilizer products; and natural gas liquids (NGL), which distributes NGLs that it primarily purchases from refineries and natural gas processors.

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Company Name: 
Martin Midstream Partners LP
Oil & Gas Equipment & Services
Number of ETFs Holding MMLP: 
Total Market Value Held by ETFs: 
Total Market Capitalization: 
% of Market Cap. Held by ETFs: 

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