King of Prussia, Pennsylvania-based distributor PetroChoice acquired Goodwater, Alabama-based APS Lubricants, which has distributed products to industrial, fleet and automotive customers in central and southeastern Alabama since 2007.  Calumet Specialty Products Partners L.P. provided a preliminary fourth quarter update yesterday, saying it ended last year with $333 million of liquidity, including $37 million of cash and cash equivalents and an undrawn revolving credit facility. It lowered its fourth quarter earnings estimate due to an ongoing additive shortage and downtime at a facility in Montana.