OREANDA-NEWS. Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) ("Calumet" or the "Partnership") a leading independent producer of specialty hydrocarbon and fuel products, today announced that it acquired substantially all of the assets of privately-held Specialty Oilfield Solutions, Ltd. ("SOS") on August 1, 2014 for total cash consideration of USD 30.0 million.

Founded in 2005, Houston-based SOS is a full-service solids control and drilling fluids company with operations in the Marcellus, Eagle Ford and Utica shale plays. This transaction further positions Calumet as one of the leading suppliers of specialty oil field products and services to the drilling industry, building upon the Partnership's acquisition of Anchor Drilling Fluids in March 2014. SOS will operate as a subsidiary of Anchor Drilling Fluids, which is wholly-owned by Calumet. The Partnership believes this transaction will enable Calumet to provide a more comprehensive offering that extends beyond drilling fluids to include solids control equipment and services.

"Oil field services remains a rapidly growing, yet highly fragmented industry," stated Jennifer Straumins, President and COO of Calumet. "This accretive transaction helps to further build upon Calumet's position as a leading supplier of specialized, high-quality products and services to drillers in the field."