Volume 3 Issue 10
Calumet Acquires Wax Maker
March 4, 2020Calumet Specialty Products Partners L.P. announced yesterday it had acquired Paralogics LLC, a producer of candle and industrial wax blends based in Muncie, Indiana. Terms were not disclosed.
IPAC Wins Case Against Distributor
March 4, 2020Lubricant additive supplier IPAC said last week that it has won two arbitration decisions against a former distributor and a former employee for misappropriation of intellectual property.
Q4 Kind to Clean Harbors, HCC, Quaker
March 4, 2020Quaker Chemical reported an increase in fourth quarter net income, but a decline for 2019. Its net sales were higher for the quarter and 2019, following its merger with Houghton International, but would have posted declines without the transaction.
From Other Editions of Lube Report
March 4, 2020Briefly Noted
March 4, 2020PetroCard Inc., a commercial fuel distributor headquartered in Kent, Washington, acquired the assets of Masco Petroleum, a family-owned fuel and lubricant distributor serving western Washington since 1999 from it its headquarters in Aberdeen. Masco operates a bulk lubricant repackaging facility adjacent to its main office location.
Correction
March 4, 2020The initial version of a March 4 article about arbitration cases brought by IPAC alleging misappropriation of company information by former employees and a former distributor included inaccurate information about the case against Steven Plitt, one of the former employees, whose case has not yet been heard. Citing a Feb. 26 press release by IPAC, the initial version reported that an arbitrator finding had been made against Plitt and other parties. No such findings have been made in Plitts case. IPAC acknowledged that its statement about Plitt referred to another case.