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Crude oil processor Calumet files for IPO

October 7, 2005

Calumet Specialty Products Partners, one of the largest producers of high-quality, specialty hydrocarbon products in North America, registered for an initial public offering as a limited partnership Friday afternoon. Over the past twelve months, a strong crack spread helped the company produce an operating cash flow margin of 5.1% on sales of $814 million. Goldman Sachs is the lone underwriter on the deal. Terms and timing have yet to be disclosed.