SemMaterials Acquires Asphalt Storage Facility

SemMaterials, L.P. has announced the acquisition of a privatetly owned asphalt storage facility located in St. Louis from Broadway Petroleum Company, LLC.

Terms for the purchase were not disclosed.

The 15-acre site includes asphalt storage with a total shell capacity of 505,435 barrels and a deep water barge dock with 700 feet of river frontage. All but 55,000 barrels of the storage is under lease until the first quarter of 2008.

The Broadway facility has 13 asphalt tanks ranging in size from 15,000 to 84,000 barrels capacity; a 40×200 foot dock barge with dual mooring dolphins on the Mississippi River; a two-bay truck loading facility, Union Pacific Railroad service and a fenced private spur; and office, terminal and shop buildings.



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