Volume 3 Issue 40
French lubricant company Condat SA last week finalized the acquisition of Kemno, a specialist lubricant and coolant company based in Milan. The takeover grows Condat’s market share in neighboring Italy and its fastener and machining lube capacity.
Fuchs Petrolub SE announced the purchase of Welponer SpA, an Italian lubricant distributor with annual revenue of €4 million, the company’s fourth distributor acquisition in the past year.
Custom Content – Valvoline, one of the world’s leading lubricant and automotive suppliers, has made a frictionless move towards establishing itself as a major producer of high-performance greases.
The co-owners of lubricant marketer Prista Oil have been charged by Bulgarian authorities with waste mismanagement and corruption, but they deny the charges and accuse the government of attempting to steal their battery business.