Mergers & Acquisitions

Vertex Sells Heartland Rerefinery

Vertex Sells Heartland Rerefinery

Lube Report Americas - February 1, 2023

Vertex Energy Inc. announced today that it has again reached an agreement to sell its Heartland used motor oil collectio ...

Aramco Subsidiary Absorbs Motiva Trading

Aramco Subsidiary Absorbs Motiva Trading

Lube Report Americas - January 25, 2023

Saudi Aramco announced Jan. 18 that Houston-based Aramco Trading Americas LLC will be the sole supplier and “offtaker ...

ExxonMobil Keeps Thailand Lubes Business

ExxonMobil Keeps Thailand Lubes Business

Lube Report Asia - January 13, 2023

ExxonMobil announced yesterday that it will create a new company for its finished lubricants and chemicals business in T ...

Additive

Lubnor Sale Sent Back for Review

Lube Report Americas - January 11, 2023

Last year’s purchase of the Lubnor refinery by Grepar Participacoes will be reviewed by a Brazilian court after a judi ...

Additive

Shell Acquires Lubrication Systems Firm

Lube Report Americas - December 28, 2022

Shell, through its subsidiary Pennzoil-Quaker State, acquired the parent company of Allied Reliability Inc., an industri ...

Dussur Buys Stake in Italmatch

Dussur Buys Stake in Italmatch

Lube Report EMEA - December 13, 2022

Saudi investment firm Dussur has agreed to buy a minority stake in Italmatch Chemicals, a growing Italy-based company th ...

Shell Acquires 49% Stake in Rerefiner

Shell Acquires 49% Stake in Rerefiner

Lube Report Americas - December 7, 2022

Shell announced that its Pennzoil-Quaker State Co. purchased a 49% interest in Blue Tide Environmental LLC, which plans ...

Oleon Acquires Blending Plant in Texas

Oleon Acquires Blending Plant in Texas

Lube Report Americas - December 7, 2022

Oleochemical producer Oleon acquired a blending plant in Conroe, Texas, the company announced this week. Oleon’s ester ...

Greif Acquires Lee Container

Greif Acquires Lee Container

Lube Report Americas - November 16, 2022

Industrial packaging supplier Greif Inc. said last week that it has reached a $300 million deal to acquire Lee Container ...

Shell Acquires Panolin’s Biolubes Business

Shell Acquires Panolin’s Biolubes Business

Lube Report EMEA - November 8, 2022

Shell agreed to acquire the environmentally considerate lubricants business of Switzerland-headquartered independent lub ...

Additive

Merger for Caldic, Connell Specialty Units

Lube Report Asia - October 21, 2022

Private equity investment firm Advent International and Wilbur-Ellis announced last week they are merging their life sci ...

Infineum Buying Pipeline Materials Unit

Infineum Buying Pipeline Materials Unit

Lube Report Americas - October 12, 2022

Infineum announced yesterday it will acquire Billerica, Massachusetts-based Entegris’ Pipeline and Industrial Material ...

NNPC Buys OVH Downstream Business

NNPC Buys OVH Downstream Business

Lube Report EMEA - October 11, 2022

Nigerian National Petroleum Co. has acquired OVH Energy Marketing, operator of the Oando fuels and lubricants business a ...

Valvoline to Sell Lubes Unit to Aramco

Valvoline to Sell Lubes Unit to Aramco

Lube Report Americas - August 3, 2022

Saudi Aramco announced on Monday a $2.7 billion deal to acquire Valvoline’s Global Products business, which is its lub ...

Adnoc Buys Stake in TotalEnergies Egypt

Adnoc Buys Stake in TotalEnergies Egypt

Lube Report EMEA - August 2, 2022

United Arab Emirates-based Adnoc Distribution expanded into Egypt with the acquisition of a 50% stake of French energy c ...

Gold Eagle Buys Lubrication Specialties

Gold Eagle Buys Lubrication Specialties

Lube Report Americas - July 27, 2022

Lubricant manufacturer and distributor Gold Eagle Co. acquired another blender and distributor, Lubrication Specialties ...

Additive

Petrobras Chile Up for Sale

Lube Report Americas - July 13, 2022

Southern Cross Group, which owns the Petrobras lubricants and fuels business in Chile, has put it on the sales block, ac ...

Cepsa Ups Stake in Brazil’s Deten

Cepsa Ups Stake in Brazil’s Deten

Lube Report Americas - July 13, 2022

Cepsa Quimica closed on its acquisition of 27.88% of Deten Quimica from Brazil’s Petrobras, after obtaining authorizat ...