Oil & Gas Refining & Marketing M&A » By The Online Investor Staff, updated Mon., Sep. 20, 11:34 AM
Recent mergers and acquisitions in the Oil & Gas Refining & Marketing M&A category.
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Slide #21. Calumet Specialty Products Partners, L.P. — Bel-Ray Company, Inc.
Acquirer:
Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT)
Acquiree:
Bel-Ray Company, Inc.
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 the Bel-Ray Company, Inc. ("Bel-Ray"), a manufacturer and global distributor of high-performance lubricants. Financial terms of the transaction were not disclosed.
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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Avg. Broker Rec.
 
|
Buy (2.67 out of 4) 7th percentile
(ranked lower than approx. 93% of all stocks covered)
Analysts' Target Price: CLMT Stock Forecast Based on Zacks ABR data; powered by Xignite |
