Volume 3 Issue 43

Shipping Costs Skyrocket During Pandemic

The COVID-19 pandemic – along with multiple other disruptors – has upended the logistics market in the United States the past year, turning it from a buyers’ to a suppliers’ market.

HCC Down, WD-40 Up

Heritage-Crystal Clean’s oil business segment reported lower revenue for the third quarter, while WD-40 posted higher net income and revenue for the fourth quarter of its fiscal year, compared to results a year earlier.

Equity Firm Buys Angus Chemical Stake

France-based private equity firm Ardian paid $2.3 billion to acquire a 50% ownership stake in Angus Chemical Co. from Golden Gate Capital, which continues to own the other half of Angus.

From Other Editions of Lube Report

Russia Softens Ban on Exports to Ukraine

Nigerian Blenders Struggle with Pandemic

BASF Expands Esters Plant in China

Briefly Noted

Berico Fuels, which along with subsidiaries Alamance Oil and Carolina Fuels delivers motor oil and other lubricants to businesses in the Greensboro Triad Area of North Carolina, named Will Berry to be the company’s president.