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.

, 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