Mike Shannon, executive vice president of global operations at metalworking and hydraulic fluids supplier Houghton International and president of Houghton Asia Pacific, was also appointed chief operating officer. RelaDyne acquired lubricant distributor Palatine Oil Co. of Illinois to strength its growth in the Chicago markets. Oxea will raise prices on TMP, used in synthetic lubricants, by 140 (U.S. $158) per metric ton in Europe effective July 1.
