Shell Lubricants completed its acquisition of Raj Petro Specialities Pvt., taking full ownership of the India-based company from Brenntag Group. Financial terms were not disclosed. Shell confirmed the transaction in a statement released last week, emphasizing the deal’s role in expanding its operations and customer reach in the Indian lubricants market.
According to Shell, the acquisition is expected to improve its access to customers in areas such as power transmission, personal care and pharmaceuticals, while also offering potential operational efficiencies across the lubricants value chain.
Headquartered in Mumbai, Raj Petro has facilities in Chennai and Silvassa and produces products including transformer oils, petroleum jellies, white oils, waxes and various lubricants.
The company was acquired by German chemicals distributor Brenntag in 2018 and has since been involved in several industrial sectors.
Shell Executive Vice President for Global Lubricants Jason Wong said the addition of Raj Petro complements the company’s product offering and increases its scale, supporting broader growth initiatives. As reported by LubeReport, the Indian lubricants market has remained a focal point for multinational companies seeking to grow in markets with rising demand for industrial and automotive finished products.
Raj Petro conducts business in about 100 countries and serves a wide range of sectors, including energy, food processing, mining, engineering, construction, automotive, textiles and agriculture. The company’s broad product line and distribution network are expected to contribute to Shell’s regional and global supply capabilities.
Further details on the integration process or timeline were not provided.