Swiss lubricants company Panolin announced last week a name change to Laemmle Chemicals AG and that it will change its oil brand name early next year. These changes follow the transfer of its bio-lubricants division with the trademark rights to Shell in November.
Shell agreed to acquire the environmentally considerate lubricants business of Panolin Group in early November, a transaction that will allow it to supply more products globally with potential exposure to sensitive ecosystems. Shell also takes over the international sales structure for those products, including several types of oils – hydraulic, gear, engine, and turbine – and stern tube lubricants. Panolin, under a new name, will continue supplying conventional and food-grade lubricants in Switzerland and Liechtenstein.
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