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Mergers/Deals/Acquisitions

Wax Maker Acquires PVC Lubes Company

Canadian wax maker The International Group Inc. has acquired Picayune, Mississippi-based Rheogistics LLC, which supplies lubricants and mechanical stabilizers to the rigid polyvinyl chloride industry. The transaction was completed on June 12, according to a press release by investment bank and financial adviser Grace Matthews. Financial terms were not disclosed.

Altivia Acquires Additive Plant

Altivia Oxide Chemicals LLC acquired KMCO and its associated chemical ethoxylation manufacturing assets in Crosby, Texas, last week out of Chapter 7 bankruptcy. Products the facility can make include lubricant additives and surfactants.

Safety-Kleen Adds Northeastern U.S. Rerefinery

Clean Harbors acquired a small API Group II+ rerefinery in New Hampshire last month, providing its Safety-Kleen subsidiary with a foothold in the Northeastern United States.

DuBois to Acquire Cimcool

Hillenbrand Inc. will sell its Cimcool metalworking fluids business to DuBois Chemicals Inc. for $224 million in cash, under an agreement announced last Friday.

Petrobras to Exit Colombia

Brazils Petrobras said Tuesday that it plans to sell its fuels and lubricants business in Colombia, part of a broader plan to sell assets in order to optimize its capital resources.

Calumet Acquires Wax Maker

Calumet Specialty Products Partners L.P. announced yesterday it had acquired Paralogics LLC, a producer of candle and industrial wax blends based in Muncie, Indiana. Terms were not disclosed.

Vertellus Acquires Additives Producer Bercen

Specialty chemicals manufacturer Vertellus acquired Denham Springs, Louisiana-based Bercen Chemicals, a lubricant additives and alkyl succinic anhydrides manufacturer, the company announced last month.

GF-6, 303 Fluids Headlined 2019

From the long-awaited adoption of ILSAC GF-6 to a crackdown on 303 hydraulic fluids to mergers and acquisitions, 2019 was a busy year in the Americas for events affecting the framework of the lubes industry.

Shell Acquires Industrial Fluids Manufacturer

Shell Lubricants acquired the assets of American Chemical Technologies Inc., which manufactures and distributes industrial fluids that are based on polyalkylene glycol chemistries, the company announced last week. Terms were not disclosed.

Petrobras to Sell Uruguay Business

Brazils Petrobras started the process to sell its distribution company in Uruguay so that it can exit the South American countrys lubricants, fuels and liquid fertilizers market.