Koch Subsidiaries Buy Fibers Unit from DuPont → 新インビスタ
Koch Industries to Acquire Georgia-Pacific
子会社 Flint Hills
Huntsman to Sell U.S. Commodities Business to Flint Hills Resources
Huntsman sells U.S. Polymers Business to Flint Hills Resources
Koch Industries to
Acquire Georgia-Pacific for $48 Per Share in Cash
Transaction, subject to completion, valued at $21 billion, including debt
* Georgia-Pacific and
Koch Industries boards unanimously approve $48/share offer
* Georgia-Pacific to become a privately held, wholly owned subsidiary of Koch Industries
* Koch Industries expecting to commence cash tender offer for Georgia-Pacific shares this week
* The company will continue to operate as Georgia-Pacific from its Atlanta headquarters
May 28, 2014
PetroLogisctis LP agrees to be acquired by Flint Hills Resources, LLC
PetroLogistics LP announced today that it and
its general partner, PetroLogistics GP LLC, have entered into a definitive
agreement to be acquired by Flint Hills Resources, LLC, a subsidiary of
Koch Industries, Inc. Under the terms of the acquisition agreement, Flint Hills Resources will acquire all of PetroLogistics’ outstanding common units for $14.00 per common unit in cash, except for those common units owned by Lindsay Goldberg LLC, York Capital Management, PetroLogistics’ Executive Chairman and its President and Chief Executive Officer, which will be acquired for $12.00 per common unit in cash.
The all-cash transaction is valued at approximately $2.1 billion, including the assumption of debt.
PetroLogistics LP is a major producer of propylene and is the only independent dedicated propylene producer in the United States. PetroLogistics LP owns and operates the world’s largest propane dehydrogenation facility, based on production capacity, located in the vicinity of the Houston Ship Channel.
PetroLogistics LP owns and operates the
world’s largest propane dehydrogenation (“PDH”) facility, based on production
capacity, strategically located on the Houston Ship Channel with direct and
indirect access to approximately 1/2 of U.S. propylene consumption. The
facility, which began operations in October 2010, has an annual production
capacity of approximately 1.45 billion pounds.
As the only independent dedicated propylene producer in the U.S., PetroLogistics LP is able to provide a reliable, predictable supply of propylene. The facility also produces commercial quantities of hydrogen as well as a C-4 mix stream and a C-5+ mix stream.
The plant utilizes the CATOFIN® propane dehydrogenation technology. The process includes numerous company developed energy cost-savings innovations which improved upon the typical CATOFIN® design.
The plant is situated on the site of a former ethylene production facility acquired from ExxonMobil in March of 2008. This facility was ideally suited for reconfiguration to PDH based on its location, infrastructure, utilities, permits, logistics, and certain operating units we were able to utilize in the new process. The location on the Houston Ship Channel provides access to about one-half of all U.S. propylene consumption, as well as direct access to the leading global exchange hub for propane, located at Mt. Belvieu, Texas.