Oil & Gas Refining & Marketing M&A » By The Online Investor Staff, updated Fri., Apr. 19, 9:30 AM Recent mergers and acquisitions in the Oil & Gas Refining & Marketing M&A category.
This Slide: #4 of 48 |
Slide #4. Calumet Specialty Products Partners, L.P. — American Capital's interest in ADF Holdings, Inc.
Acquirer:
Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT)
Acquiree:
American Capital's interest in ADF Holdings, Inc.
Details:
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. 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) 100th percentile
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