SUGAR LAND, Texas, April 1, 2016 /PRNewswire/ -- CVR Partners, LP (NYSE: UAN), a manufacturer of ammonia and urea ammonium nitrate (UAN) solution fertilizer products, today announced that it has completed its acquisition of Rentech Nitrogen Partners, L.P., which primarily includes the East Dubuque, Illinois, nitrogen fertilizer plant.
The combination of CVR Partners' Coffeyville, Kansas, fertilizer plant and the East Dubuque facility provides the partnership with an expanded geographical footprint, diversification of its raw material feedstocks, wider customer reach and greater potential for cash-flow generation.
"The addition of East Dubuque to CVR Partners positions us as an emerging leader in the North American nitrogen fertilizer industry and makes us more competitive in a changing market environment," said Mark Pytosh, chief executive officer. "CVR Partners is now better equipped to weather cyclical downturns, excel in dynamic market conditions and act on growth opportunities. We expect the enhanced strategic platform of the combined business will create value for our unitholders, customers and employees.
"We welcome East Dubuque's experienced management team and talented workforce to CVR Partners," Pytosh said.
In 2015, the Coffeyville plant produced 385,400 tons of ammonia and 928,600 tons of UAN, and the East Dubuque plant produced 340,300 tons of ammonia and 279,000 tons of UAN.
About CVR Partners, LP
Headquartered in Sugar Land, Texas, with manufacturing facilities located in Coffeyville, Kansas, and East Dubuque, Illinois, CVR Partners, LP is a Delaware 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.
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SOURCE CVR Partners, LP