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Slide #72. Martin Midstream Partners L.P. — Assets of NL Grease, LLC
Martin Midstream Partners L.P. (NASDAQ:MMLP)
Assets of NL Grease, LLC
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 U.S. Gulf Coast region. Co.'s four primary business lines include: natural gas liquids transportation and distribution services and natural gas storage; terminalling and storage services for petroleum products and by-products, including the refining of naphthenic crude oil and the blending and packaging of finished lubricants; sulfur and sulfur-based products gathering, processing, marketing, manufacturing and distribution; and marine transportation services for petroleum products and by-products.
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