Calumet Specialty Breaks Into FORTUNE 500
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowCalumet Specialty Products Partners LP (Nasdaq: CLMT) has made its way into the FORTUNE 500. The annual list ranks the top U.S. companies in terms of sales. Indiana now has seven FORTUNE 500 companies. Calumet tallied more than $5 billion in sales last year.
The businesses on the list headquartered in the state are:
38. Wellpoint Inc.
129. Eli Lilly and Co.
168. Cummins Inc.
335. Steel Dynamics Inc.
448. NiSource Inc.
467. Calumet Specialty Products Partners LP
479. Simon Property Group Inc.
June 2, 2014
News Release
INDIANAPOLIS, Ind. – Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (“Calumet” or the “Partnership”), a leading independent producer of specialty hydrocarbon and fuel products, today announced that it has earned a position as No. 467 on the 2014 FORTUNE 500 list of largest U.S. companies.
According to FORTUNE magazine, Calumet is currently among the largest U.S. companies, based on total annual sales. In 2013, Calumet ranked as No. 514 on the FORTUNE 1000 list. Calumet's total sales exceeded $5 billion for the first time in 2013, an increase of more than 16 percent from 2012.
“We are honored to be recognized by FORTUNE as one of our nation's largest companies,” stated Bill Grube, Vice Chairman and Chief Executive Officer of Calumet. “Since our first refinery acquisition in Princeton, Louisiana in 1990, Calumet has successfully grown through a combination of accretive, niche specialty products and refining acquisitions, together with targeted investments in organic growth projects. Our record of profitable growth is a testament to the dedication and long-term commitment of our talented employees.”
“Our vision for Calumet is to become one of the most integrated, independent specialty hydrocarbon businesses in North America, an organization capable of offering its customers the most diverse line of specialty product solutions available in the market,” noted Jennifer Straumins, President and COO of Calumet. “Through our thirteen North American production facilities, we produce more than 6,000 specialty and fuels products that are sold to thousands of domestic and international customers through brands such as Royal Purple, Bel-Ray, Quantum, TruFuel, Orchex, Anchor Drilling Fluids and many others. The past quarter century has been an incredible journey for the Partnership and we look forward to delivering further value to our unitholders in the years to come.”
About Calumet Specialty Products Partners, L.P.
Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) is a master limited partnership and a leading independent producer of high-quality, specialty hydrocarbon products in North America. Calumet processes crude oil and other feedstocks into customized lubricating oils, solvents and waxes used in consumer, industrial and automotive products. Calumet also produces fuel products including gasoline, diesel and jet fuel. Calumet is based in Indianapolis, Indiana and has thirteen facilities located in northwest Louisiana, northwest Wisconsin, northern Montana, western Pennsylvania, Texas, New Jersey and Oklahoma.
Source: Calumet Specialty Products Partners LP