Rentech, Inc. Supports Decision by Rentech Nitrogen Partners, L.P. to Explore Strategic Alternatives
Rentech, Inc. (NASDAQ:RTK) , stated today that it supports the decision by the board of Rentech Nitrogen Partners, L.P. (NYSE:RNF) to retain a financial advisor to evaluate strategic alternatives for the partnership. Rentech owns the general partner and approximately 60% of the common units of Rentech Nitrogen.
About Rentech, Inc.
Rentech, Inc. (NASDAQ:RTK) owns and operates wood fibre processing, wood pellet production and nitrogen fertilizer manufacturing businesses. Rentech offers a full range of integrated wood fibre services for commercial and industrial customers around the world, including wood chipping services, operations, marketing, trading and vessel loading, through its subsidiary, Fulghum Fibres. The Company’s New England Wood Pellet subsidiary is a leading producer of bagged wood pellets for the U.S. heating market. Rentech manufactures and sells nitrogen fertilizer through its publicly-traded subsidiary, Rentech Nitrogen Partners, L.P. (NYSE:RNF) . Please visit www.rentechinc.com and www.rentechnitrogen.com for more information.
Forward Looking Statements
This news release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995 about matters such as: the risks and uncertainties of any strategic alternative for Rentech Nitrogen, including whether any strategic alternative will be identified or, if identified, whether it will be pursued or consummated. Rentech Nitrogen has not made a decision to pursue any particular strategic alternative, and there can be no assurance that the exploration of potential strategic alternatives will result in a sale of the partnership or in any other transaction These statements are based on management’s current expectations and actual results may differ materially as a result of various risks and uncertainties. Factors that could cause actual results to differ from those reflected in the forward-looking statements are set forth in Rentech’s press releases and periodic reports filed with the Securities and Exchange Commission, which are available via Rentech’s website at www.rentechinc.com. The forward-looking statements in this news release are made as of the date of this release and Rentech does not undertake to revise or update these forward-looking statements, except to the extent that it is required to do so under applicable law.
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