Volume 4 Issue 52

Baytown Scaled Back After Fire
December 29, 2021ExxonMobil’s Baytown, Texas, refinery – site of the second-largest base oil plant in the United States – is operating at reduced rates following a fire on Dec. 23. The company declined to say specifically if the base oil plant was affected by the incident or to discuss when the facility might return to normal operations.

Investment Firms Swap RelaDyne
December 29, 2021Private equity firm American Industrial Partners announced last week that it has acquired RelaDyne, one of the leaders of the consolidation trend in North America’s lubricant distribution market. RelaDyne’s reach extends across the United States, particularly in the Mid-Atlantic region, in states bordering the U.S. Gulf Coast, in Rocky Mountain states and Northern California.

Swedish Firm Buys Lube Seals Maker
December 29, 2021Swedish company VBG Group acquired all shares of U.S.-based Carlyle Johnson Machine Co. for $16.5 million. Carlyle Johnson designs and manufactures components for motion control used in industrial applications, including lubrication seals. VBG acquired the shares through subsidiary Ringfeder Power Transmission and said the deal will strengthen its industrial business.
Briefly Noted
December 29, 2021Perstorp Oxo AB will increase prices effective Jan. 1, 2022, in the United States for 2-ethylhexanoic acid by 10 cents per pound and for n-butyric acids by 11 cents/lb, citing the impacts of supply and demand as well as increasing raw material prices. 2-EHA is a chemical intermediate used as a compound in the production of synthetic lubricants as well as oil additives, and n-butyric acid is also used in production of lubricants.