Market Overview

Rentech Subsidiary Rentech Nitrogen will to Acquire Agrifos for $158M

Rentech, Inc. (NYSE MKT: RTK) today announced that its majority-owned
subsidiary, Rentech Nitrogen Partners, L.P. (NYSE: RNF), has entered
into a definitive agreement with Agrifos Holdings Inc. to purchase all
of the membership interests of Agrifos LLC, for an initial purchase
price of $158 million. Agrifos owns and operates a plant in Pasadena,
Texas, that produces primarily ammonium sulfate fertilizer. The
acquisition is expected to be accretive to cash distributions per unit
paid by Rentech Nitrogen to its unitholders beginning in 2013. Rentech
currently owns 23.25 million units of Rentech Nitrogen, a
publicly-traded partnership that owns a nitrogen fertilizer
manufacturing plant located in East Dubuque, IL.

In conjunction with the closing of this transaction, Rentech

See full press release

Posted-In: News Guidance Management Stock Split M&A Global

 

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