Volume 3 Issue 105

China's Monarch Grooms Itself for IPO

Tongyi Beijing Petroleum Chemical Co. – the largest independent lubricant blender in China and owner of the Monarch motor oil brand – plans to conduct its initial public stock offering within two years, company officials announced last week. The company says it will be seeking a capital infusion in order to continue its rapid pace of expansion. Tongyis sales have jumped more than five-fold since 2000 to make it the largest motor oil marketer in China. Officials said the company also ...

Greener Skiing Gets Lift from Anderol

Skiers prefer their slopes white, of course, but an operator of Colorado resorts is using polyalphaolefins to try to make its lifts greener. Anderol Inc. announced Monday that it has reached an agreement to supply synthetic products to lubricate ski lifts run by Aspen Skiing Co. While allowing that skiing is not, and will not become a core market for its business, Anderol representatives said the deal affords an opportunity to demonstrate the performance and relative benignity of its lubes. Ande...

Graco Buys Liquid Control Corp.

Lubricating equipment maker Graco Inc. announced last week that it has acquired Liquid Control Corp., a manufacturer of machines that dispense lubricants and other materials. Terms of the deal were not announced. Graco officials said they bought Liquid Control and an affiliate, Profill Corp., both of North Canton, Ohio, in order to expand Gracos presence in the sealants and adhesives equipment market. Liquid Control makes single- and plural-component dispensing equipment;some of the former dispe...