Castrol distributor Wakefield Canada has agreed to purchase the Castrol Canada blending and packaging plant in Toronto from BP Lubricants USA. The acquisition cost was not disclosed.
BP Lubricants earlier this year said it would explore options for the Toronto facility, and Wakefield was one of several parties to submit proposals. BP Lubricants signed a non-binding letter of intent with Wakefield. The two companies have worked since then to reach an agreement.