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Slide #43. Calumet Specialty Products Partners, L.P. — Montana Refining Company, Inc.
Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT)
Montana Refining Company, Inc.
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. 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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Buy (2.67 out of 4)