Volume 4 Issue 29

Axel Invests in Three U.S. Grease Plants

Axel Christiernsson Group announced on July 15 that it is proceeding with an additional expansion and improvement plan across its three grease plants in the United States. The newly announced investments build on a multi-million-dollar expansion and improvement plan announced in October 2019 for the same facilities.

Aerosols Maker Buys Champion Brands

Aerosol manufacturer PLZ Aeroscience has agreed to purchase Champion Brands LLC, an independent producer of automotive and industrial lubricants and related products. PLZ did not disclose terms of the deal but said it will round out its product offering.

Verdant Acquires Two Companies

Chemicals producer Verdant Specialty Solutions acquired surfactants manufacturer DeForest Enterprises last week, the company announced. The acquisition is part of Verdant’s plan to grow its surfactants production, and the company intends to expand further in the lubricants industry.

From Other Editions of Lube Report

Rosneft Sold Less Lubes in 2020

Moresco Reports Higher Earnings

Petrochem to Add Second U.A.E. Terminal

Briefly Noted

Akron, Ohio-based Akrochem, a distributor of rubber chemicals and compounding materials, acquired for an undisclosed amount Houston, Texas-based specialty chemical distributor Bech Chem LLC, which serves a variety of markets, including grease and lubricants.  Avelo Airlines, the first new mainline U.S. carrier to launch in nearly 15 years, selected ExxonMobil as its sole aviation lubricants supplier for its growing fleet.  Lubricant distributor RelaDyne acquired Alexis Oil Co. and Global Industrial Solutions, collectively “Alexis/GIS,” a lubricant and commercial fuels distributor and reliability services provider serving customers in Southern California and Arizona.