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Energy M&A image Energy M&A » By The Online Investor Staff, updated Thu., Aug. 13, 12:51 AM Recent mergers and acquisitions in the Energy M&A category.

Slide #52. Calumet Specialty Products Partners, L.P. United Petroleum Company

Acquirer: Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT)
Acquiree: United Petroleum Company
Details: Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) ("Calumet" or the "Partnership") a leading independent producer of specialty hydrocarbon and fuel products, today announced that it acquired United Petroleum Company ("United"), a wholesale supplier and distributor of premium motor oils, coolants and greases. Financial terms of the transaction were not disclosed.

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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Company Name:  Calumet Specialty Product Partners LP
Website:  www.calumetspecialty.com
Sector:  Oil & Gas Refining & Marketing
Number of ETFs Holding CLMT:  1
Total Market Value Held by ETFs:  $164880
Total Market Capitalization:  $201.00M
% of Market Cap. Held by ETFs:  0.08%
 

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August 13, 2020    12:51 AM Eastern
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Hold (2.00 out of 4)
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