Mergers & Acquisitions

SK Considers IPO Again

November 28, 2017

SK Innovation is once again mulling a public stock offering for its lubricants subsidiary, SK Lubricants, the company said in a regulatory filing last ...

Italmatch Snaps Up Elco

November 22, 2017

Elco Corp. parent Detrex and global specialty chemicals company Italmatch Chemicals have entered into a merger agreement, the companies jointly announ ...

Neste and Bapco have entered a new commercial agreement enabling the Bahraini refiner to begin marketing base oils while securing Neste a sizeable sha ...

Puma Roars into Pakistan

November 14, 2017

Singapore-based Puma Energy Holdings acquired Pakistans Admore Gas Pvt. and plans to rebrand its 470 retail outlets to market lubricants, the company ...

Specialty chemicals companies Clariant and Huntsman Corp. mutually agreed to abandon plans to merge due to a lack of support from the formers largest ...

A Hong Kong company trying to develop a new model of automotive service centers for China has launched its own brands of engine oils.

Condat agreed to acquire glass and metal forging lubes company Renite, the company announced earlier this month. Financial terms were not disclosed. T ...

Mining and commodities company Glencore agreed to acquire a 75 percent stake in Chevron South Africa and all of Chevron Botswana for $973 million, the ...

JXTG Keeps Mobil Lubes

October 3, 2017

Japans JXTG Group will convert all of its 2,800 Esso- and Mobil-branded fuel stations in the country to Eneos by 2020, but will continue selling Exxon ...

Abu Dhabis Adnoc Distribution, which markets finished lubricants under the Voyager brand, could offer stock worth more than 10 percent of its value by ...

Briefly Noted

September 26, 2017

Japanese speciality lubricants producer Moresco Corp. said in a press statement last week that it will not purchase U.S.-based lubes manufacturer AML ...

Grease manufacturer Standard Greases & Specialities Pvt. plans to boost its stake in Andrew Yule Group-managed Tide Water Oil Co. by buying more share ...

Ingevity Corp. will acquire Georgia-Pacifics pine chemicals business – including tall oil fatty acids used in metalworking fluids and corrosion ...

Indonesias national oil company, PT Pertamina Lubricants, signed an agreement recently to explore the possibilities of establishing a grease company w ...

Gulf Oil International (Mauritius) Inc. has acquired an additional stake in Gulf Oil Lubricants India Ltd., bringing its total share to 71.48 percent. ...

Zavenir Daubert India Pvt. and Chemische Werke Kluthe GmbH formed a joint venture to strengthen their reach in markets for specialty chemicals such as ...

Idemitsu Kosan Co. said on Thursday that it was able to proceed with its offer of 48 million new shares, after the Tokyo High Court rejected a shareho ...

Orgkhim and Ilim set up a 50-50 joint venture to produce chemical products, including tall oil fatty acids and their derivatives, at a plant in northe ...

Briefly Noted

July 18, 2017

Showa Shell Sekiyu KK will transfer its lube business to subsidiary Shell Lubricants Japan KK on Nov. 1. A new Research and Markets report claims that ...

Lubricant additives supplier Infineum sold its Paratac brand of tackifiers and associated business to Functional Products Inc., the companies announce ...