Volume 1 Issue 18
Progress has been slow on routes out of the United States this week. Asian markets share the same problem, with only a few routes making headway. Europe has been relatively stable, but May is a month so full of public holidays that trade will surely suffer.-by Adrian Brown
RelaDyne closed on the acquisitions of Jack Backer Distributors Inc., Seaboard Neumann and Flamingo Oil - three of Floridas top lubricant distributors - marking its entrance into the Sunshine State, the company announced Monday. Financial terms of the agreements were not disclosed.
Italmatch Chemicals Group is set to acquire Afton Chemicals metalworking fluid business, strengthening the Italian companys position in the industrial lubricants market, the companies announced Friday. The deal is expected to close by May 30.
Profits were up for Quaker Chemical and Milacrons Fluid Technologies segment, while Afton Chemical reported lower operating profit, all for the quarter ending March 31, compared to a year earlier.