Calumet Specialty Products completes acquisition of synlube business from Hercules, Inc.

Calumet Specialty Products Partners, L.P. announced that its subsidiary, Calumet Missouri, LLC, has completed the previously announced purchase of the polyol ester-based synlubes business of Hercules Incorporated, a subsidiary of Ashland, Inc. The purchase price was not disclosed. Under the asset purchase agreement, Calumet Missouri obtained a 22-acre parcel that includes the manufacturing facility in Louisiana, Missouri, U.S.A., which it plans to continue operating. Jennifer Straumins, president and chief operating officer, said “Calumet is focused on the refining of crude oil into specialty petroleum products and the Hercules Acquisition will help to strengthen our business for both customers and shareholders.” (January 4, 2012)