Mergers & Acquisitions

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Aramco Eyes Valvoline Unit

May 31, 2022

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

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Moove to Acquire PetroChoice

May 25, 2022

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

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Agency Approves Shell Sale to Lukoil

May 24, 2022

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

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Petronas to Acquire Perstorp

May 20, 2022

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

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Shell Sells Russia Business to Lukoil

May 17, 2022

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

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Shell in Talks to Sell Torzhok Plant

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

May 4, 2022

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

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Oqema Acquires French Distributor

April 26, 2022

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

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Parties Mum on Ownership of JV Stake

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

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

January 12, 2022

Private equity firm OpenGate Capital has acquired Chemsolv Inc., a Virginia-based regional distributor of commodity and ...

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Castor Oil Distributor Acquired

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

January 4, 2022

Investment firm SK Capital has completed its purchase of a controlling stake in Seqens, a French producer of chemicals f ...

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Swedish Firm Buys Lube Seals Maker

December 29, 2021

Swedish company VBG Group acquired all shares of U.S.-based Carlyle Johnson Machine Co. for $16.5 million. Carlyle Johns ...

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Investment Firms Swap RelaDyne

December 29, 2021

Private equity firm American Industrial Partners announced last week that it has acquired RelaDyne, one of the leaders o ...

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Croda Selling Unit to Cargill

December 28, 2021

Agricultural products company Cargill Inc. has agreed to buy most of Croda International Plc’s Performance Technologie ...

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Stockholders Aim to Privatize United Global

December 17, 2021

An investment firm representing the main stockholders of United Global Ltd. announced on Dec. 10 an unconditional cash o ...

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Canadian Pacific Closes on Merger

December 15, 2021

Canadian Pacific Railway Ltd. announced yesterday the completion of its $31 billion acquisition of Kansas City Southern, ...