Branded automotive and industrial lubricants distributor Vesco Oil Corp. acquired industrial lubes and metalworking fluids distributor Accurate Lubricants and Metalworking Fluids Inc. on Monday to broaden its geographic footprint in the Midwest and bolster its product and service offerings.
Repsol announced Monday an agreement to acquire 40 percent of lubricant distributor Bardahl de Mexico, which will enable the Spanish energy company to manufacture and sell its own lubricants in Mexico. Terms of the agreement - expected to close in 2018s third quarter - were not disclosed.
HollyFrontier Corp. announced yesterday a deal to buy Red Giant Oil Co., an Iowa company that claims to be one of the countrys largest suppliers of locomotive engine oils.
After several years of decline, Brazil's lubricant industry is showing signs of reviving, according to speakers at an industry conference in Rio de Janeiro last week. Sales from January through April increased 5.9 percent year over year, and demand is forecast to rise an average of 2 percent annually for the next four years.
In an unusually harsh attack between lube industry giants, Shell claimed last week that a sample of ExxonMobil heavy-duty diesel engine oil failed to pass a test for oxidation stability and therefore did not comply with industry standards that it was promoted as meeting.
As policies encouraging lower emissions and higher-efficiency equipment influence the types of fuels used to meet rising energy demand, methane and other waste gases in municipal landfills can be harnessed to generate electricity, which could increase demand for gas piston engines and, by extension, gas engine oil additives.
Last month's annual meeting of the Society of Tribologists and Lubrication Engineers featured hundreds of technical sessions where presenters talked about their latest research. One session differed by offering attendees a chance to brainstorm about problems facing the industry.
The Petroleum Quality Institute of America issued consumer alerts on two motor oil brands -Mileage 365 and Q Motor Oil - saying testing of five samples indicated the products could cause harm to virtually any car or truck currently on the road, and each products label fails to identify the company responsible for it.
Work continues on a variety of tests, test parameters and engine and bench test limits necessary for completion of the ILSAC GF-6 passenger car engine oil category.
Packaging updates required for new and upcoming engine oil specifications may seem like a hassle, but they present opportunities for marketers to refresh brands, an industry insider told Lube Report.