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Article: Rentech Completes Its Acquisition of Royster-Clark Nitrogen, Inc.
- Article from:
- PR Newswire
- Article date:
- April 26, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Provides Initial Step for Company's United States Coal-to-Liquids Ultra-Clean Fuels Platform
DENVER and EAST DUBUQUE, Ill., April 26 /PRNewswire-FirstCall/ -- Rentech, Inc., announced today that it has completed the purchase of Royster-Clark Nitrogen, Inc. (RCN) from Royster-Clark, Inc., a wholly owned subsidiary of Agrium Inc., for approximately $70 million. The assets include an 830-ton-per-day ammonia fertilizer facility located in East Dubuque, Illinois, inventories of the plant, and working capital. The purchase price was $50 million in cash plus the net working capital acquired at closing of approximately $20 million.
The facility will be ...
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