Global Partners LP (GLP: Quote) announced it has signed an agreement to acquire 100 percent of the membership interests in a West Coast crude oil and ethanol facility near Portland, Oregon from Cascade Kelly Holdings LLC. The total purchase price is expected to be approximately $95 million.
The transaction includes a rail transloading facility serviced by the BNSF Railway, 200,000 barrels of storage capacity, a deepwater marine terminal, a 1,200-foot dock and the largest ethanol plant on the West Coast.
Click here to receive FREE breaking news email alerts for Global Partners LP and others in your portfolio
by RTT Staff Writer
For comments and feedback: editorial@rttnews.comBusiness News