WE Soda to acquire the soda ash manufacturing and related operations of Genesis Energy for $1.425bn.

WE Soda, one of the world's largest producer of natural soda ash, agreed to acquire the soda ash manufacturing and related operations of Genesis Energy, a diversified midstream energy master limited partnership headquartered in Houston, Texas, for $1.425bn. "This transaction gives Genesis the financial flexibility to accelerate the process of simplifying our capital structure. With the sale of the Alkali Business, our primary focus will once again be on the midstream energy space and our industry leading businesses therein," Grant Sims, Genesis Energy CEO.