Calumet Specialty Products Partners, L.P. (CLMT)
Analyst Day Conference Call
May 22, 2012 2:00 pm ET
Jennifer G. Straumins – President and Chief Operating Officer.
R. Patrick Murray – Vice President and Chief Financial Officer
Timothy R. Barnhart – Vice President, Operations of Calumet GP LLC
William A. Anderson – Vice President, Sales and Marketing of Calumet GP LLC
Jennifer G. Straumins
Good afternoon, I think, we are ready to get started here this today. I like to thank everybody for coming out to Calumet’s First Analyst Day at NASDAQ. And we’d like to thank NASDAQ for hosting us here this afternoon. And I’d like to thank all the Calumet employees that made the trip with us to support the company on this pretty special day.
With me today is Pat Murray our CFO, Tim Barnhart our VP of Operations and Bill Anderson, our VP of Sales and Marketing. Got our traditional forward-looking statements here, so you can’t hold anything we say, against this. Also this website is on our, I am sorry, this presentation is on our website and we also have flash drives in the front to came in, if you would like to take one with you.
Calumet is a leader in specialty hydrocarbon products. We produce a very wide variety of products to serve hundreds of applications. We produce Naphthenic and Paraffinic lubricating oils. We produce food grade white oil, Aliphatic and isoparaffinic solvents, USP and technical grade petrolatum, hydrocarbon gels. And polyol based synthetic lubricants. Calumet was started by the Fehsenfeld and Grube families back in 1990s. Those families own the GP today for Fred Fehsenfeld, the Chairman of our Board, and Bill Grube is our CEO and Vice Chairman of the Board. The families, the founding families still controlled approximately 30% of the outstanding common units.