Valvoline Global last week announced that it has made an equity investment in Haertol Chemie GmbH, a German manufacturer of automotive antifreeze.
Valvoline, which was bought this year by Saudi Aramco, did not disclose the size of its investment nor how much of a stake it had taken in Haertol. Haertol’s headquarters is in Magdeburg, Germany.
In a Sept. 1 news release, Valvoline called the infusion part of its “continuing commitment to expanding its products and solutions to better service consumer and customer needs globally.”
The investment expands on a five-year-old relationship between the two companies. Since 2018, they have engaged in a licensing and distribution arrangement under which Valvoline carries Haertol products, including its Frostox HT-12 premium coolant, and Haertol offers Valvoline products.
Valvoline is among the world’s largest automotive engine oil suppliers. As the news release noted, it is also developing fluids for electric vehicles, including battery coolants. Haertol’s website says that it, too, is developing products for EVs, but it mentions antifreeze, not battery coolants.
When United States-based Valvoline sold its global products business to Aramco, it kept its quick-lubes business, which it continues to operate.