Energy, grains and food company CHS Inc. has signed a purchase agreement to acquire the liquid lubricants business of Nor-Lakes Services Midwest Inc. of Hugo, Minn. and The Farm-Oyl Co. of St. Paul, Minn. Terms were not disclosed for the joint acquisition, which is expected to close on April 30.
Nor-Lakes Services Midwest is a private-label lubricant and grease manufacturer, founded in 1988. Products it manufactures include the Farm-Oyl brand. Farm Oyl has manufactured and marketed lubricants for agricultural customers in the upper Midwest since 1929.