GP Global acquired the lubricants assets of Lagos, Nigeria-based Grand Petroleum. A GP Global executive told Lube Report yesterday the acquisition is part of a bid to expand its lubricant and base oil operations.
Grand Petroleum, part of the Nigerian industrial conglomerate Nosak Group, operates a 50,000 tons per year lubricant blending plant in Lagos. The acquisition includes Grand Petroleum’s distribution network and the HiSpeed lubricant brand. Terms were not disclosed.