Ostara and Oakley Sign Letter of Intent for Purchase of Oakley’s St. Louis Granulation Facility and Long-term Terminal Services
Retrieved on:
Tuesday, November 3, 2020
Pursuant to the LOI, Oakley will also provide long-term, full-service Terminal support for Ostara, including bulk storage, inbound and outbound logistics services via truck, rail and barge, and raw materials supply.
Key Points:
- Pursuant to the LOI, Oakley will also provide long-term, full-service Terminal support for Ostara, including bulk storage, inbound and outbound logistics services via truck, rail and barge, and raw materials supply.
- Completion of the Acquisition and related transactions is subject to final negotiation and execution of definitive agreements, currently anticipated to occur in December, 2020.
- Oakleys breadth of experience, market-leading reputation and world-class infrastructure makes them an ideal long-term partner for Ostara during this accelerated phase of our companys growth.
- Said Justin Oakley: Oakley is honored to partner with Ostara andwe look forward to supporting Ostaras innovative line of Crystal Green products.