Mergers & Acquisitions

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Azelis Acquires India Distributors

Lube Report Asia - June 3, 2022

Specialty chemicals distributor and service provider Azelis reached agreements to buy two related distributors in India ...

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Petrobras Agrees to Sell Lubnor Refinery

Lube Report Americas - June 1, 2022

Petrobras announced last week an agreement to sell its Lubnor refinery in Fortaleza, Brazil, to a consortium of companie ...

Fuchs Buys Stake in Electrolytes Start-up

Fuchs Buys Stake in Electrolytes Start-up

Lube Report EMEA - May 31, 2022

German independent lubricants maker Fuchs Group entered the battery market by acquiring 28% of the shares in E-Lyte Inno ...

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Aramco Eyes Valvoline Unit

Lube Report EMEA - May 31, 2022

Saudi Aramco, the world’s largest oil company, has approached Valvoline, one of the world’s largest independent lubr ...

Moove to Acquire PetroChoice

Moove to Acquire PetroChoice

Lube Report Americas - May 25, 2022

Cosan’s Moove made a splash this week with an almost half-billion-dollar acquisition for PetroChoice, the largest lubr ...

Agency Approves Shell Sale to Lukoil

Agency Approves Shell Sale to Lukoil

Lube Report EMEA - May 24, 2022

Russia’s antitrust regulator approved last week Lukoil’s purchase of Shell’s retail and lubricants business in the ...

Petronas to Acquire Perstorp

Petronas to Acquire Perstorp

Lube Report Asia - May 20, 2022

Malaysia’s Petronas Chemicals Group Berhad announced Tuesday it will acquire Sweden-based specialty chemicals company ...

Shell Sells Russia Business to Lukoil

Shell Sells Russia Business to Lukoil

Lube Report EMEA - May 17, 2022

Oil giant Shell signed an agreement to sell its retail and lubricant businesses in Russia to privately owned Lukoil, the ...

Shell in Talks to Sell Torzhok Plant

Shell in Talks to Sell Torzhok Plant

Lube Report EMEA - May 10, 2022

Shell is negotiating with an unidentified party to sell its lubricant blending plant in Torzhok, Russia, along with its ...

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Raizen Closes on Shell Brazil Purchase

Lube Report Americas - May 4, 2022

Brazilian energy company Raizen said last week that it completed its acquisition of Shell’s lubricant business in Braz ...

Oqema Acquires French Distributor

Oqema Acquires French Distributor

Lube Report EMEA - April 26, 2022

German chemicals distributor Oqema acquired the Orosolv Group, a French distributor of lubricants and other products, to ...

Parties Mum on Ownership of JV Stake

Parties Mum on Ownership of JV Stake

Lube Report EMEA - April 12, 2022

Bahrain Lube Base Oil Co. in Sitra, Bahrain, has been churning out API Group III base stocks since 2011. It’s clear wh ...

U.S. Lubricants Buys BP Blending Plant

U.S. Lubricants Buys BP Blending Plant

Lube Report Americas - January 19, 2022

U.S. Lubricants purchased a lube blending facility in Baltimore, Maryland, from BP, the company announced this week. U.S ...

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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 ...

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 ...

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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 ...

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 ...