M&A Deal Summary

CVR Partner Acquires Rentech Nitrogen Partners

On August 10, 2015, CVR Partner acquired chemicals company Rentech Nitrogen Partners for 839M USD

Acquisition Highlights
  • This is CVR Partner’s 1st transaction in the Chemicals sector.
  • This is CVR Partner’s largest (disclosed) transaction.
  • This is CVR Partner’s 1st transaction in the United States.
  • This is CVR Partner’s 1st transaction in California.

M&A Deal Summary

Date 2015-08-10
Target Rentech Nitrogen Partners
Sector Chemicals
Buyer(s) CVR Partner
Deal Type Merger
Deal Value 839M USD
Advisor(s) Morgan Stanley (Financial)
Latham & Watkins (Legal)

Target

Rentech Nitrogen Partners

Los Angeles, California, United States
Rentech Nitrogen Partners, L.P. is a nitrogen fertilizer company own a fertilizer production facility located in East Dubuque, Illinois. Rentech Nitrogen East Dubuque produces nitrogen fertilizers. The facility has the flexibility to vary product mix significantly. This enables us to upgrade our ammonia production into varying amounts of UAN, nitric acid and liquid and granulated urea each season, depending on market demand, pricing and storage availability.

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Buyer(S) 1

Buyer

CVR Partner

Sugar Land, Texas, United States

Category Company
Founded 2007
Sector Chemicals
Employees310
Revenue 681M USD (2023)
DESCRIPTION

CVR Partners is a 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. CVR Partners was founded in 2007 and is based in Sugar Land, Texas.


DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Merger) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1