Volume 3 Issue 40
Condat Acquires Italian Firm
October 6, 2020French 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 Acquires Italian Distributor
October 6, 2020Fuchs 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.
Valvoline Geared Up for Grease Expansion
October 6, 2020Custom 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.
Prista Owners Battle Charges in Bulgaria
October 6, 2020The 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.
Briefly Noted
October 6, 2020Telko Ltd., part of the Aspo Group, acquired Swedish distributor ILS Nordic AB and its subsidiary Autolubes Nordic AB. Telko has been a distributor of Castrol products in Finland since 1958, ILS Nordic is a lubricants distribution partner of BP Castrol in Sweden and Norway, and Autolubes Nordic distributes automotive oils in Sweden and Norway.
Correction
October 6, 2020The initial version of a Sept. 29 article, “In Russia, Clawing Back from Lockdown,” gave an incorrect reason for Total’s temporary shutdown of its lubricant blending plant in the Kaluga region. The company suspended operations to comply with restrictions aimed at stemming the COVID-19 pandemic. As the epidemiological situation improved and restrictions eased, safety considerations and health authorities allowed plant production to resume.