This Slide: #43 of 48 |
Slide #43. Calumet Specialty Products Partners, L.P. — Montana Refining Company, Inc.
Acquirer:
Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT)
Acquiree:
Montana Refining Company, Inc.
Details:
Calumet Specialty Products Partners, L.P. announced that it completed the previously announced acquisition of Montana Refining Company, Inc. on October 1, 2012 for $120 million plus an amount for estimated closing date working capital, for aggregate consideration paid of approximately $201 million, subject to customary purchase price 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) 49th percentile
(ranked lower than approx. 51% of all stocks covered)
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