CLATSKANIE, OR—A Massachusetts-based firm has purchased the Cascade Kelly Holdings LLC's crude oil and ethanol facility on the Columbia River at Clatskanie.
Global Partners LP of Waltham, Mass., backed in part by The Blackstone Group, has agreed to pay $95 million for a 100 percent membership interest in the property, reports the Portland Business Journal. The Cascade Kelly facility operates on land leased from the Port of St. Helens and includes rail transloading facility services by BSNF Railway, a deepwater marine terminal, a 1,200-foot dock and the largest ethanol plant on the West Coast. The deal is expected to close by the end of the first quarter.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
