The company that invented the modern grease fitting is back in business for itself. The British conglomerate Invensys plc. has sold Alemite Corp. to senior management and a private investment firm, which paid 23 million pounds (U.S. $35.7 million). Alemite develops fixed and mobile lubrication equipment for automotive dealerships and repair centers and fleet and heavy equipment repair, as well as for factories. We plan to keep the course were on, but being independent will allow us to invest mor...

Indias plan to privatize lube blender Tide Water Oil Co. is drawing interest from international and state-owned oil companies. Six firms have submitted expressions of interest for the governments 42 percent stake in Tide Water, which claims a market share of 3 to 4 percent and which enjoyed a surge in profits last year. As an undertaking devoted to lubricants, Tide Water is a small player compared to the giant oil majors that India is privatizing, such as Bharat Petroleum and Hindustan Petroleum...

Amalie Oil Co. has agreed to become Mitsubishis synthetic motor oil supplier in the Philippines, a deal projected to cover 6.6 million gallons annually by next year. The arrangement was completed last month by the signing of a contract between Mitsubishi Motor Philippines Inc. and Amalies Philippine licensee, Pro Oil Corp. Amalie has already begun shipping oil for Mitsubishi dealerships on the archipelago. It expects by year-end to be supplying factory fill for Mitsubishis auto plant there. The ...