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Slide #47. 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 has signed a definitive agreement to acquire Montana Refining Company, Inc. for aggregate consideration of $120 million, plus an amount for working capital, including inventory and accounts receivable, to be determined at closing. Closing of the transaction is expected to occur in the fourth quarter, subject to customary closing conditions and regulatory approval.
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)