Russell Standard Maintains Local Business with Acquisition of Asphalt Emulsion Plant

Reading, PA (July 7, 2015) – Russell Standard, a leader in paving solutions, processes and machinery, today announced its commitment to the local community by continuing the operation of an asphalt emulsion plant facility in Reading, PA.

Russell Standard officially took over the plant on July 1, 2015. As the new proprietor, Russell Standard is focused on strengthening the community by maintaining the positions of all current Reading employees. The seamless transition also prevents a loss of business in the Reading area.

“Russell Standard is a Pennsylvania-based company and we strive to positively impact the regions in which we operate,” said Matt Johnson, president of Russell Standard. “We view the leasing of this site as an investment in the Reading community and look forward to our new partnership.”

Through its new investment, Russell Standard will expand its footprint across Pennsylvania by servicing the central/eastern part of the state. By undertaking a new facility, the company aims to make itself more available to existing and potential clients throughout the Commonwealth.

The Reading facility, located at 3847 Pottsville Pike, supplies a wide range of asphalt-emulsified products for pavement preservation and road repair and is the seventh asphalt emulsion plant for the company. Blueknight Energy Partners made the arrangement with Russell Standard and remains the facility owner.

About Russell Standard

With a highly trained and dedicated team, we meet our customers’ ever-changing needs and enable them to build a better infrastructure in their communities. For over eighty years, Russell Standard has built a strong reputation for providing unique and innovative products, along with the customer service and technical support to ensure successful project completion. Russell Standard Corporation, headquartered in Pittsburgh, PA, is a leading provider of paving materials and services for the road construction industry specializing in new road construction and roadway surface maintenance and repair. In addition, we offer a full range of asphalt emulsions, hot and cold asphalt mixes, and asphalt protective coatings to state and local governments and contractors who are performing their own paving projects.

About Blueknight Energy Partners, L.P.

BKEP owns and operates a diversified portfolio of complementary midstream energy assets consisting of approximately 7.7 million barrels of crude oil storage located in Oklahoma and Texas, approximately 6.6 million barrels of which are located at the Cushing Oklahoma Interchange, approximately 900 miles of crude oil pipeline located primarily in Oklahoma and Texas, approximately 250 crude oil transportation and oilfield services vehicles deployed in Kansas, Colorado, New Mexico, Oklahoma and Texas and approximately 7.3 million barrels of combined asphalt product and residual fuel oil storage located at 43 terminals in 22 states. BKEP provides integrated services for companies engaged in the production, distribution and marketing of crude oil, asphalt and other petroleum products. BKEP is headquartered in Oklahoma City, Oklahoma.