Mergers & Acquisitions

Equity Firm Buys Stake in ZXP

February 28, 2018

A Houston private equity firm agreed this month to take an undisclosed stake in contract lubricant blender and packager ZXP Technologies Ltd.

India, the worlds third-largest finished lubricants market, does not have a nationwide trade group to represent the industry. A number of companies ar ...

Pack Logix Inc. announced Monday that it acquired the Spectrum Lubricants Corp. packaging plant in Waukesha, Wisconsin, from Phillips 66. Financial te ...

ExxonMobil invested in a startup company offering on-demand fuel delivery and mobile vehicle car care service - including oil changes - to help carve ...

Luberef announced last week that it has completed a long-awaited upgrade and expansion of its base oil plant in Yanbu, Saudi Arabia, and that API Grou ...

U.S. lubricant distributor consolidation continued as Tennessee-based Parman Energy Group announced an agreement to buy the Chevron-branded lubes busi ...

Oil and Natural Gas Corp. yesterday purchased a controlling stake of fellow state-owned oil company Hindustan Petroleum Corp. Ltd., Indias largest sup ...

Bright Stock Supply Shrinks

January 31, 2018

Global bright stock demand was 2.7 million tons in 2017, but is expected to decline by approximately 250,000 tons by 2027, said Kline & Co. in a w ...

SABIC Buys Stake in Clariant

January 30, 2018

Chemical manufacturer Saudi Basic Industries Corp. purchased a 24.99 percent stake in Clariant, making the Saudi Arabian company the largest Clariant ...

Global lubricant demand reached 35.7 million metric tons in 2017, neck-and-neck with the year before, indicates an initial tally from Fuchs Petrolub S ...

Four years after acquiring the Lubritene and Lubrasa specialty lubricant businesses and making them part of its South Africa subsidiary, Fuchs Petrolu ...

Indian transformer oils and lubes manufacturer Apar Industries Ltd. formed a joint venture with a car dealer that aims to supply lubes to the governme ...

South Africas Competition Commission has endorsed Sinopecs bid to acquire a controlling stake in Chevrons downstream operations in the country, the la ...

Coolants Plus Acquires Scot

January 10, 2018

Coolants Plus, the marketer of Starfire brand lubricants, announced last week that it had purchased Scot Lubricants Inc., giving the company its first ...

German lubricant marketer Liqui Moly announced last week that it had been acquired by Adolf Wuerth GmbH & Co. in a deal intended to ensure stability f ...

UAE Blender Changes Hands

January 2, 2018

Indias Maximus International Ltd. said its United Arab Emirates-based unit plans to acquire a controlling stake in Pacific Lubricants LLC, a producer ...

Quaker Buys Out India JV

December 26, 2017

Quaker Chemical Corp. became the sole owner of Quaker Chemical India Pvt. after acquiring the remaining stake from its former joint venture partner, A ...

Brenntag Claims Raj Petro

December 26, 2017

German chemicals distributor Brenntag AG signed an agreement to acquire Indias Raj Petro Specialities Pvt. in two phases.

Fuchs Petrolub Group recently acquired Romanian lubricant distributor Lub Asyst. In 2016, Lub Asyst generated some 4 million (U.S. $4.7 million) in sa ...

Specialty chemicals and minerals company ICL entered into an agreement to sell its fire safety and oil additives business units to private investment ...