Calumet Specialty Products Partners L.P. reported a net loss, Valvoline posted a slight decrease in operating income, HollyFrontier’s lubricants and specialty products segment reported higher income from operations and Quaker Chemical posted a net loss, for the quarter ending March 31.
Hillenbrand Inc. will sell its Cimcool metalworking fluids business to DuBois Chemicals Inc. for $224 million in cash, under an agreement announced last Friday.
Quaker Chemical reported an increase in fourth quarter net income, but a decline for 2019. Its net sales were higher for the quarter and 2019, following its merger with Houghton International, but would have posted declines without the transaction.
Ingevity Corp. announced Feb. 20 that its board of directors and D. Michael Wilson agreed he would resign as president, CEO and a director, effective immediately, as a result of matters relating to his personal conduct. The company named Ingevity chairman Richard Kelson as interim president and CEO and established a CEO search committee.
Lanxess acquired Itibanyl Produtos Especiais Ltda., a leading Brazilian manufacturer of biocides, including some used in metalworking fluids and lubricants. The purchase price was not disclosed for the deal, which was announced Dec. 2.
Calumet Specialty Products Partners, Cosans Moove lubricants segment and Quaker Chemical each reported net losses, while Milacrons Fluid Technologies segment posted a loss in operating earnings for the third quarter. Valvolines operating income from its three segments increased year-over-year for the quarter ending Sept. 30.
The budding 3-D printing industry has the potential to disrupt the lubricants industry by lessening or virtually eliminating the need for metalworking fluids, an executive with a digital manufacturing company told the Independent Lubricant Manufacturers Associations annual meeting last month.
Perrysburg, Ohio-based Master Fluid Solutions announced on Oct. 7 the acquisition of German metalworking fluids manufacturer Wilhelm Dietz GmbH, saying it will enable products that it sells in Europe to be made in-house instead of through toll partners. Terms were not disclosed.
The types of metals used in wide ranges of products have evolved in recent years, trending toward greater use of alloys and new kinds of alloys, and this creates challenges in the formulation of metalworking fluids.
The Environmental Protection Agency issued significant new use rules on Sept. 18 under the Toxic Substances Control Act that approve pre-manufacture notices for 10 chlorinated paraffin substances that are used in metalworking fluids.