Fuel has been the largest part of Chain Oil Co.s business, at least in terms of volume. But the Wixon, Mich., oil jobber sold those operations last month, putting all its eggs in the basket that is its lubricant business. Officials said they see more room in the lubes industry for a small company to remain viable.
Located in an outer suburb of Detroit, Chain Oil is a 61-year-old, family-owned company that supplies customers in Michigan and northwest Ohio. Until last month, it had three segments. The largest, commercial fuels, primarily served the construction industry. Next in size was the lubricants business, which offers industrial lubes, metalworking fluids, solvents and cleaners. The smallest segment sold heating oil to households.
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