Calumet Specialty Products Partners last week completed its acquisitions of blender and distributor TruSouth Oil and Ashland subsidiary Hercules synthetic aviation and refrigerant lubricants business. Terms were not disclosed for either transaction.
Prior to its acquisition, TruSouth was owned in part by Fred Fehsenfeld Jr. chairman of the board of Calumets general partner; the spouse of F. William Grube, vice chairman and CEO of Calumets general partner; and other members of the Fehsenfeld and Grube families, who also own Calumets general partner.
Shreveport, La.-based TruSouth manufactures and markets motor oils, gear oils, engine oils, automotive fluids and specialty engineered fuel and oil mix products. TruSouths assets include an 85,000 square foot production and warehouse facility with computerized blending and packaging equipment and bulk tank storage capacity of about 1.5 million gallons. The site in the Port of Shreveport-Bossier has access to water, rail and truck support.
Bill Anderson, Calumets vice president of sales and marketing, said the company looked forward to continuing TruSouths growth in their products and brands as well as further integration with Calumets specialty products portfolio.
Indianapolis-based Calumet had transferred its finished lubricants business, which made and marketed SuperCal branded lubricants, to TruSouth in 2006. At the time, Calumet was phasing out its finished lubricants business in favor of focusing on refining.
In another sign of renewed interest in finished lubricants, Calumet last week finalized its purchase of a synthetic lube business. The Hercules business acquired by Calumets subsidiary Calumet Missouri LLC makes polyol- and ester-based synthetic lubricants in a manufacturing facility on a 22-acre Louisiana, Mo., parcel included in the deal. Calumet said it plans to continue operating the facility. According to Ashland, Hercules synthetic lubricants business had annual revenue of about $50 million.
Calumet has a base oil plant in Shreveport with 7,000 barrels per day API Group II and 4,800 b/d Group I capacity, and another in Princeton, La., with 6,900 b/d naphthenic capacity.