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Slide #10. Calumet Specialty Products Partners, L.P. — United Petroleum Company
Acquirer:
Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT)
Acquiree:
United Petroleum Company
Details:
Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) ("Calumet" or the "Partnership") a leading independent producer of specialty hydrocarbon and fuel products, today announced that it acquired United Petroleum Company ("United"), a wholesale supplier and distributor of premium motor oils, coolants and greases. Financial terms of the transaction were not disclosed.
Calumet Specialty Product Partners is a holding company. Through its subsidiaries, Co. manufactures, formulates and markets a range of specialty products. Co.'s segments include: Specialty Products and Solutions, which manufactures and markets a variety of solvents, waxes, customized lubricating oils, white oils, petrolatums, gels, esters, and other products; Performance Brands, which blends, packages and markets performance products through its Royal Purple, Bel-Ray, and TruFuel brands; and Montana/Renewables, which is comprised of renewable diesel and specialty asphalt businesses in which Co. processes crude oil into conventional gasoline, diesel, jet fuel and specialty grades of asphalt.
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Buy (3.33 out of 4) 49th percentile
(ranked lower than approx. 51% of all stocks covered)
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