April 1, 2016 - 1:02 AM EDT
Print Email Article Font Down Font Up
CVR Partners Completes Acquisition of Rentech Nitrogen Partners, L.P.

SUGAR LAND, Texas
, April 1, 2016 /PRNewswire/ -- CVR Partners, LP (NYSE: UAN), a manufacturer of ammonia and urea ammonium nitrate (UAN) solution fertilizer products, today announced that it has completed its acquisition of Rentech Nitrogen Partners, L.P., which primarily includes the
East Dubuque, Illinois
, nitrogen fertilizer plant.
CVR Partners, LP Logo. (PRNewsFoto/CVR Partners, LP)

The combination of CVR Partners'

Coffeyville, Kansas
, fertilizer plant and the
East Dubuque
facility provides the partnership with an expanded geographical footprint, diversification of its raw material feedstocks, wider customer reach and greater potential for cash-flow generation.

"The addition of

East Dubuque
to CVR Partners positions us as an emerging leader in the North American nitrogen fertilizer industry and makes us more competitive in a changing market environment," said Mark Pytosh, chief executive officer. "CVR Partners is now better equipped to weather cyclical downturns, excel in dynamic market conditions and act on growth opportunities. We expect the enhanced strategic platform of the combined business will create value for our unitholders, customers and employees.

"We welcome

East Dubuque's
experienced management team and talented workforce to CVR Partners," Pytosh said.

In 2015, the

Coffeyville
plant produced 385,400 tons of ammonia and 928,600 tons of UAN, and the
East Dubuque
plant produced 340,300 tons of ammonia and 279,000 tons of UAN.

About CVR Partners, LP
Headquartered in

Sugar Land, Texas
, with manufacturing facilities located in
Coffeyville, Kansas
, and
East Dubuque, Illinois
, CVR Partners, LP is a
Delaware
limited partnership focused primarily on the manufacture of nitrogen fertilizers. The company's
Coffeyville
nitrogen fertilizer manufacturing facility is the only operation in
North America
that uses a petroleum coke gasification process to produce nitrogen fertilizer and includes a 1,300 ton-per-day ammonia unit, a 3,000 ton-per-day urea ammonium nitrate (UAN) unit and a dual-train gasifier complex having a capacity of 89 million standard cubic feet per day of hydrogen. The company's
East Dubuque
nitrogen fertilizer manufacturing facility uses natural gas to produce nitrogen fertilizer and primarily includes a 1,025 ton-per-day ammonia unit and a 1,100 ton-per-day UAN unit.

Logo - http://photos.prnewswire.com/prnh/20080226/CVRLOGO

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cvr-partners-completes-acquisition-of-rentech-nitrogen-partners-lp-300244720.html

SOURCE CVR Partners, LP

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer


Source: Equities.com News (April 1, 2016 - 1:02 AM EDT)

News by QuoteMedia
www.quotemedia.com

Legal Notice