Business

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Equity Firm Buys Lubes Distributor

Lube Report Americas - January 12, 2022

Private equity firm OpenGate Capital has acquired Chemsolv Inc., a Virginia-based regional distributor of commodity and ...

HollyFrontier Buying Red Giant Oil

HollyFrontier Buying Red Giant Oil

Lube Report Americas - July 4, 2018

HollyFrontier Corp. announced yesterday a deal to buy Red Giant Oil Co., an Iowa company that claims to be one of the co ...

Mixed Results for WD-40

Mixed Results for WD-40

Lube Report Americas - January 12, 2022

WD-40 Co. reported net income of $18.6 million for the quarter ending Nov. 30, a 21% decrease from $23.6 million in the ...

Castor Oil Distributor Acquired

Castor Oil Distributor Acquired

Lube Report Americas - January 12, 2022

Biosynthetic Technologies, a producer of biobased synthetic compounds used in base oils, lubricants and additives, acqui ...

Eastern Feasted on Base Oil Trading

Eastern Feasted on Base Oil Trading

Lube Report Asia - January 7, 2022

Eastern Lubricants Blenders Ltd.’s profit jumped more than ten-fold for its fiscal year ended in mid-2021, thanks to a ...

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ExxonMobil Workers Vote on Union

Lube Report Americas - January 5, 2022

Employees at ExxonMobil’s Beaumont, Texas, refining complex and lubricant manufacturing plant completed an election la ...

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SK Capital Buys Control of Seqens

Lube Report EMEA - January 4, 2022

Investment firm SK Capital has completed its purchase of a controlling stake in Seqens, a French producer of chemicals f ...

The Bounty of Bench Tests

The Bounty of Bench Tests

Lubes'n'Greases - January 1, 2022

The changing landscape for lubricants and greases means that bench tests must also evolve. How are bench tests supportin ...

Are Additives Keeping Up?

Are Additives Keeping Up?

Lubes'n'Greases - January 1, 2022

As the lubricants industry enters a transformative period, no segment of the industry is spared. Discover how European a ...

PAOs Offer Electric Performance

PAOs Offer Electric Performance

Lubes'n'Greases - January 1, 2022

The base stocks used to formulate lubricants for electric vehicles are vital to performance. What are the best options?

What Factors Are Swaying EV Adoption in the U.S.?

What Factors Are Swaying EV Adoption in the U.S.?

Lubes'n'Greases - January 1, 2022

The transition to electric vehicles is imminent, but the speed of adoption remains debatable. Explore the factors that m ...

Conglomerates: Yes, No, Yes, No

Conglomerates: Yes, No, Yes, No

Lubes'n'Greases - January 1, 2022

Corporate conglomerates seem to go in and out of style. Jack Goodhue explains how they are faring in today’s market.

Swedish Firm Buys Lube Seals Maker

Swedish Firm Buys Lube Seals Maker

Lube Report Americas - December 29, 2021

Swedish company VBG Group acquired all shares of U.S.-based Carlyle Johnson Machine Co. for $16.5 million. Carlyle Johns ...

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Investment Firms Swap RelaDyne

Lube Report Americas - December 29, 2021

Private equity firm American Industrial Partners announced last week that it has acquired RelaDyne, one of the leaders o ...

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Croda Selling Unit to Cargill

Lube Report EMEA - December 28, 2021

Agricultural products company Cargill Inc. has agreed to buy most of Croda International Plc’s Performance Technologie ...

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Zhongsheng Gaoke Profits Fall

Lube Report Asia - December 24, 2021

Jiangsu Zhongsheng Gaoke Environmental Co. reported a 30% year-to-year drop in net income for the third quarter, on reve ...

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Kline: Industry Shrank 10.9% in 2020

Lube Report Asia - December 17, 2021

The COVID-19 pandemic caused global consumption of finished lubricants to fall 10.9% in 2020 to 36.4 million metric tons ...