Rentech Closes Sale of Natchez Site for $9 Million in Proceeds
August 19 2013 - 6:00AM
Business Wire
Rentech, Inc. (NASDAQ: RTK) announced today that a subsidiary of
the Company has closed the sale of approximately 450 acres in
Natchez, Mississippi to Adams County, Mississippi for proceeds of
approximately $9 million.
D. Hunt Ramsbottom, President and CEO of Rentech, said, “The
sale of the Natchez site is consistent with our stated intention to
dispose of our non-core alternative energy related assets.” Mr.
Ramsbottom continued, “We remain focused on the significant
opportunities within our newly launched wood fibre processing
business as well as growth in our nitrogen fertilizer
business.”
About Rentech, Inc.
Rentech, Inc. (www.rentechinc.com) owns and operates wood fibre
processing and nitrogen fertilizer manufacturing businesses. The
wood fibre processing business consists of the provision of wood
chipping services and the manufacture and sale of wood chips,
through a wholly-owned subsidiary, Fulghum Fibres, Inc., and the
development of wood pellet production facilities. Rentech’s
nitrogen fertilizer business consists of the manufacture and sale
of nitrogen fertilizer through its publicly-traded subsidiary,
Rentech Nitrogen Partners, L.P. (NYSE: RNF). Rentech also owns the
intellectual property including patents, pilot and demonstration
data, and engineering designs for a number of clean energy
technologies designed to produce certified synthetic fuels and
renewable power when integrated with third-party technologies.
Safe Harbor Statement
This press release contains forward-looking statements as
defined in the Private Securities Litigation Reform Act of 1995
about matters such as growth opportunities within the Company’s
wood fibre processing and nitrogen fertilizer businesses. These
statements are based on management’s current expectations and
actual results may differ materially as a result of various risks
and uncertainties. Other factors that could cause actual results to
differ from those reflected in the forward-looking statements are
set forth in the Company’s prior press releases and periodic public
filings with the Securities and Exchange Commission, which are
available via Rentech’s website at www.rentechinc.com. The forward-looking statements
in this press release are made as of the date of this press 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.
Rentech, Inc.Julie Dawoodjee Cafarella, 310-571-9800Vice
President of Investor Relations and Communicationsir@rentk.com
Rentech, Inc. (NASDAQ:RTK)
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