Mergers & Acquisitions

Additive

Equity Firm Buys Angus Chemical Stake

Lube Report Americas - October 27, 2020

France-based private equity firm Ardian paid $2.3 billion to acquire a 50% ownership stake in Angus Chemical Co. from Go ...

Bought Out of Japan, Shell Returns for Lubes

Bought Out of Japan, Shell Returns for Lubes

Lube Report Asia - October 23, 2020

A year and a half after acquiring it, Idemitsu Kosan Co. is selling Shell Lubricants Japan K.K. back to Royal Dutch Shel ...

Additive

Equity Firm Buys Angus Chemical Stake

Lube Report Americas - October 21, 2020

France-based private equity firm Ardian paid $2.3 billion to acquire a 50% ownership stake in Angus Chemical Co. from Go ...

Additive

Cadence Gets New Financial Backer

Lube Report Americas - October 14, 2020

Cadence Petroleum Group has obtained a new private equity investor, and the new backer plans to accelerate the expansion ...

Additive

Equity Firm Buys Warren Distribution

Lube Report Americas - October 14, 2020

A Chicago private equity firm announced last week that it has agreed to acquire majority stakes in Warren Distribution I ...

Calumet Lubes Reportedly on Sales Block

Calumet Lubes Reportedly on Sales Block

Lube Report Americas - October 7, 2020

Calumet Specialty Products Partners LP, which has struggled to make profits in recent years, is considering a sale of it ...

Condat Acquires Italian Firm

Condat Acquires Italian Firm

Lube Report EMEA - October 6, 2020

French lubricant company Condat SA last week finalized the acquisition of Kemno, a specialist lubricant and coolant comp ...

Additive

Fuchs Acquires Italian Distributor

Lube Report EMEA - October 6, 2020

Fuchs Petrolub SE announced the purchase of Welponer SpA, an Italian lubricant distributor with annual revenue of €4 m ...

Total Acquires Lubrilog

Total Acquires Lubrilog

Lube Report EMEA - September 29, 2020

French energy major Total announced last week that it had acquired Lubrilog SAS, thereby strengthening Total’s presenc ...

Neste Divests Stake in Nynas

Neste Divests Stake in Nynas

Lube Report EMEA - September 22, 2020

A district judge in Sodertorn, Sweden, on Thursday approved Nynas AB’s petition to extend its court-administered reorg ...

Nevada Moly Mine to Change Hands

Nevada Moly Mine to Change Hands

Lube Report Americas - September 9, 2020

A financially struggling molybdenum mineral exploration and development company took steps last week to sell a mine in N ...

Rubis Acquires Tepsa

Rubis Acquires Tepsa

Lube Report EMEA - August 31, 2020

Rubis Terminal recently acquired Tepsa, a Spanish company that provides storage for bulk base oil, lubricants and other ...

Additive

SK Explores Sale of SK Lubricants

Lube Report Asia - August 21, 2020

South Korean conglomerate SK Innovation announced last week that it hired Citigroup Global Markets to help it explore th ...

Additive

Sale of Petrobras’ Lubnor Delayed

Lube Report Americas - August 19, 2020

Petrobras said recently that the COVID-19 pandemic has delayed its efforts to sell a naphthenic base oil plant in the Br ...

Additive

Idemitsu Agrees to Sell Back Shell Business

Lube Report Asia - August 7, 2020

Idemitsu Kosan Co. announced Thursday that it has reached an agreement to sell Shell Lubricants Japan back to Shell, 16 ...

Orlen-Lotos Merger Gets EU Sign-off

Orlen-Lotos Merger Gets EU Sign-off

Lube Report EMEA - July 21, 2020

The European Commission granted conditional approval last week for the merger of PKN Orlen and Lotos, Poland’s two mai ...

Additive

Brenntag Acquires Thai Distributor

Lube Report Asia - July 8, 2020

Chemicals company Brenntag acquired Thailand-based lubricants distributor Oils ‘R Us Co. Ltd. as part of its expansion ...