HF Sinclair Corp. completed the acquisition of Industrial Oils Unlimited, closing a U.S.$38 million transaction first announced in December 2025. The deal finalized on Jan. 8 after all closing conditions were met.
Demand for industrial lubricants is predicted to grow 5% yearly, making it a promising area of opportunity. API Group I base oil makes up about 70% of all industrial lubricants and HF Sinclair has capacity to produce 495,000 metic tons of API Group I base oil per year at its Tulsa unit.
The purchase of Industrial Oils Unlimited adds an industrial lubricants and specialty fluids business to HF Sinclair’s operations across the mid-continent, southwestern and Rocky Mountains regions of the United States and expands its lubricants and specialties platform.
Industrial Oils Unlimited operates in industrial lubricants and specialty fluids, while HF Sinclair is an independent U.S. refiner with a growing lubricants and specialties segment.