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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. 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)