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Couche-Tard Halts Caltex Aussie Bid

Alimentation Couche-Tard Inc. has put on hold plans for a revised proposal to acquire Caltex Australia, citing economic impacts and uncertainty brought about by the Covid-19 pandemic.

Fuchs to Shift Nulon Manufacturing

Fuchs Petrolub will relocate production of recently acquired Nulon-branded lubricants to its own facilities in the states of Victoria and New South Wales, the company announced this week.

Lube Association Forms in Australia

The newly created Australian Lubricant Association plans to set up processes to verify labels and standardization of lube products sold in Australia, while also providing technical assistance to members and developing training programs.

Chevron Ending License with Caltex Australia

Caltex Australia will rebrand its operations after Chevron notified the company that it cannot use the Caltex brand on its lubricants and grease products once an existing licensing agreement between the two companies ends.

Viva Buys Out Liberty Wholesale Business

Viva Energy, Shells exclusive lubricants distributor in Australia, has completed its purchase of the remaining 50 percent of Liberty Oils Australian wholesale fuel and lubricant distribution business.

Caltex Australia Rejects Takeover Bid

Caltex Australia, one of Australias biggest lubricants and grease suppliers, rejected an unsolicited A$8.6 billion (U.S. $5.8 billion) takeover bid from Alimentation Couche-Tard last week, but left the door open for further offers from the Canadian convenience store operator.

Canadian Company Swoops in for Caltex Australia

Canadian convenience store operator Alimentation Couche-Tard has made a takeover offer for Caltex Australia, one of Australias biggest lubricant and grease suppliers, the latter announced this week.

Sinopec Increases Sales in Australia

Sinopec reported last week that its lubricant sales in Australia were up more than 30 percent through the first nine months of 2019, compared to the same period of 2018.

Hydrodec Unveils Sale Details for Australian Assets

United Kingdom-based Hydrodec Group this week unveiled details of the sale of its Australian hydrotreater - to its biggest shareholder, who will have the plant dismantled and shipped to the U.K.

Aussie Lube Industry Shrinks

The Australian lubricant industry is in a sustained decline, as local producers face increasing competition from importers and tougher conditions in export markets, according to an annual market analysis by market research group IBISWorld.
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