Home Topics Mergers/Deals/Acquisitions

Mergers/Deals/Acquisitions

GP Global Acquires Nigerian Blender

GP Global acquired the lubricants assets of Lagos, Nigeria-based Grand Petroleum. A GP Global executive told Lube Report yesterday the acquisition is part of a bid to expand its lubricant and base oil operations.

Kluber Acquires Wire Drawing Lube Maker

Kluber Lubrication announced last week it acquired wire drawing lubricant producer Traxit International GmbH and its subsidiaries.

Chevron and Akwa Form Morocco Hub

Chevron and Casablanca, Morocco-based energy company Akwa Group reached an agreement to create an African lubes hub in Morocco, the companies announced late last month.

Fuchs Buys Shares in African Distributors

The Fuchs Group acquired half the shares of three separate African lubricant distributors to strengthen its presence in the continents Sub-Saharan region, the company announced last week.

Master Fluid Acquires Wilhelm Dietz

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.

Quaker Houghton to Acquire Norman Hay Divisions

Quaker Houghton announced Aug. 29 that it agreed to acquire the four operating divisions of United Kingdom-based Norman Hay plc for 80 million. This includes the Surface Technology division, which provides dry film lubricant coatings that provide friction control.

Distributor Expands into Scandinavian Market

German specialty chemical distributor Biesterfeld Spezialchemie acquired Norwegian lubricant distributor Lindberg & Lund AS last week for an undisclosed amount to increase its presence in the lucrative Scandinavian lubricants market.

Sabic, Clariant Defer Union

Chemical manufacturer Saudi Basic Industries Corp., a 24.99 percent stakeholder in Clariant AG, said the two companies will temporarily defer discussions on a possible merger of Clariants additives and masterbatch areas into SABICs specialties business.

Orlen-Lotos Merger Draws Scrutiny

The European Commission opened an in-depth investigation into the planned merger of Polands two main oil companies, PKN Orlen and Lotos, to assess whether the deal would violate anti-monopoly rules in the lubricants industry and other markets.

Croda Acquires Rewitec

Croda International Plc announced last week the acquisition of Rewitec GmbH, stating it aims to help the German additive supplier to expand. The companies did not disclose the price of the transaction.
CONTACT US

Contact Us
Email: info@LubesnGreases.com
Office: +1 703-536-0800
Fax: +1 703-536-0803

LNG Publishing Company, Inc.
7389 Lee Highway Suite 300
Falls Church, Virginia 22042 U.S.A.