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Mergers/Deals/Acquisitions

No National Class Action for Dollar General Suits

A federal judge last week granted statewide class action status to 16 groups of consumers suing Dollar General for selling motor oil alleged to have been obsolete, but the judge rejected a request to grant national class action status.

Brenntag Acquires Reeder Distributors

Chemicals company Brenntag AG acquired the lubricants arm of Texas-based Reeder Distributors Inc., continuing to build its South Central United States distribution network through acquisitions.

Quaker, Houghton Say Merger is Progressing

Quaker Chemical and Houghton International stated Tuesday that they expect the United States Federal Trade Commission to approve their proposed merger and for the deal to close within the next few months.

Parkland Acquires Another U.S. Distributor

Parkland Fuel Corp. acquired Holbrook, Arizona-based Bradco Fuels and Lubricants, the companies announced last week. It was the third acquisition this year for Parkland, which is scaling up its business in the United States.

HollyFrontier to Acquire Sonneborn

A HollyFrontier subsidiary will acquire Sonneborn from private equity firm One Equity Partners for $655 million cash under an agreement announced yesterday. HollyFrontier officials said the addition of Sonneborns specialty products is another step in diversifying its product mix with a shift toward finished products.

Shell Completes Sale of Argentina Assets

Shell announced last week the closing of its sale of downstream assets in Argentina to Raizen - a 50-50 joint venture between the oil major and Brazilian sugar producer Cosan - under a deal announced in April of this year.

Univar Acquires Nexeo

Univar Inc. agreed last week to acquire Nexeo Solutions Inc. in a $2 billion deal uniting giant global chemical distributors that supply wide varieties of ingredients to the lubricants industry. The transaction is expected to close during the first half of 2019.

Cosans Moove Buys European Distributors

Moove, the lubricant and base oil arm of Brazil-based energy multinational Cosan, announced the recent acquisition of two lubricant distributors in Europe - Lubrigrupo in Portugal and TTA Lubrifiants in France.

Valvoline Acquires Canadian Quick Lubes

Valvoline Inc. is set to acquire Ottawa, Canada-based quick-lube franchise Oil Changers Inc., the company announced last Tuesday. This deal is the companys second quick-lube acquisition in Canada.

Parkland Acquires Rhinehart Oil

Parkland Fuel Corp., a Canadian distributor of fuels and petroleum products, acquired Rhinehart Oil Co. in a deal that is expected to double the United States operations of the Calgary, Alberta-based company, Parkland announced Monday.
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