Calumet Specialty Products Partners, L.P. Completes Acquisition of the San Antonio, Texas Refinery Assets from NuStar Energy,

  Calumet Specialty Products Partners, L.P. Completes Acquisition of the San
Antonio, Texas Refinery Assets from NuStar Energy, L.P. for Approximately $115
                                   Million

PR Newswire

INDIANAPOLIS, Jan. 2, 2013

INDIANAPOLIS, Jan. 2, 2013 /PRNewswire/ -- Calumet Specialty Products
Partners, L.P. ("Calumet") (NASDAQ: CLMT) announced today that it completed
the previously announced acquisition of the San Antonio, Texas refinery and
associated crude oil pipeline, crude oil terminal, other operating and
logistics assets and inventories (the "San Antonio Assets") of NuStar
Refining, LLC and NuStar Logistics, L.P., both wholly owned subsidiaries of
NuStar Energy L.P. (NYSE: NS) on January 2, 2013 for $100million plus an
amount for estimated closing date inventory, for aggregate consideration paid
of approximately $115million, subject to customary purchase price adjustments
(the "NuStar Acquisition").

The San Antonio assets include a refinery in San Antonio, Texas with crude oil
throughput capacity of approximately 14,500 barrels per day (the "Refinery").
The Refinery produces ultra-low sulfur diesel, jet fuel, specialty solvents,
reformates, naphtha and vacuum gas oil.

The NuStar Acquisition was funded primarily with borrowings under Calumet's
senior secured revolving credit facility and cash on hand.

About Calumet
Calumet is a master limited partnership and is 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, waxes and asphalt used in consumer, industrial, and automotive
products. Calumet also produces fuel products including gasoline, diesel and
jet fuel. Calumet is headquartered in Indianapolis, Indiana and has eleven
plants located in northwest Louisiana, northwest Wisconsin, northern Montana,
western Pennsylvania, southeastern Texas and eastern Missouri.

SOURCE Calumet Specialty Products Partners, L.P.

Website: http://www.calumetspecialty.com
Contact: Jennifer Straumins, +1-317-328-5660
 
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