One-Page Deal Sheet
Martin Midstream Acquires KS Service Co.
Martin Midstream Partners Lp Not Disclosed
Announced Date
May 23,2013
Transaction Type
Corporate
Transaction Details: Subscribe to see
Martin Midstream Partners L.P. has reported that its subsidiary, Martin Operating Partnership L.P., has entered into an asset purchase agreement to acquire substantially all of the assets and inventory of Kansas City, Missouri based NL Grease, LLC, a grease manufacturer that specializes in private-label packaging of commercial and industrial greases.
The acquisition is expected to close before the end of July 2013. The Partnership expects incremental cash flow of approximately $2.5 million annually from the newly acquired assets.
Ruben Martin, President and Chief Executive Officer of MMLP's…
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