Rentech completes fertilizer producer, Agrifos acquisition

7:34 AM, 6th November 2012

LOS ANGELES, US: Rentech Inc’s majority-owned subsidiary, Rentech Nitrogen Partners LP, has completed acquisition of Agrifos LLC, the leading producer of synthetic granulated ammonium sulfate fertilizer in North America. Agrifos’ fertilizer production facility is located in Pasadena, Texas.

The business will become a subsidiary of Rentech Nitrogen. Rentech currently owns 23.25 million units of Rentech Nitrogen, a publicly-traded partnership that also owns a nitrogen fertilizer manufacturing plant located in East Dubuque, IL.

In conjunction with the closing of this acquisition, Rentech Nitrogen amended its existing debt facility and expanded its borrowing base from $135 million to $300 million. The debt facility will continue to be guaranteed by Rentech Nitrogen. GE Capital served as administrative agent and GE Capital Markets served as sole lead arranger and book-runner for the debt facilities.

0 Comments

Your Comments (Up to 2000 characters)

Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Submit

LUDWIGSHAFEN, GERMANY: BASF is optimizing its organizational structure to better serve its customer industries and enhance its operational and technol ...

Mitsubishi, Faurecia to develop bioplastics for automotive industry

TOKYO, JAPAN: Mitsubishi Chemical Corporation and Faurecia have signed an agreement regarding joint research and development of bioplastics used in au ...

Hinduja eyes biggest foreign acquisition; to buy Houghton for $1.1 billion

NEW DELHI, INDIA: Hinduja Group is close to acquiring US oils and chemicals firm Houghton for $1.1 billion as the company seeks a tie-up for its lubri ...

Oregon jury finds KBR guilty in Iraq water treatment facility case

HOUSTON, US: On November 2, 2012, a jury in the US District Court for the District of Oregon issued a verdict in the Bixby et al v KBR case involving ...

Catalytic site of hydrogen-producing enzyme act as electron reservoir

BOCHUM, GERMANY: Scientists at the Max Planck Institute for Chemical Energy Conversion (MPI CEC) and the Ruhr-University Bochum (RUB) have found with ...

EQUATE restarts ethylene glycol unit