An alliance of German lubricant producers has folded a year after it was formed, due to the inability of members to agree on strategic priorities. An official at a prospective member company said the International Oil Agency GmbH disbanded recently because his company wanted the alliance to focus on product development, while others insisted that joint procurement of base oils and additives be the first priority. Their main objective was to be a purchasing company, Hansen and Rosenthal Chief Exe...

Lubrizol Corp. announced last week that it has acquired a Spartanburg, S.C., multi-purpose chemical production facility from bankrupt Specialty Industrial Products. Terms of the deal were not disclosed. The facility includes two plants covering 16 acres, where SIP has made specialty surfactants and emulsifiers used in lubricants and metalworking fluids, as well as the textile, personal care, food processing and pharmaceutical industries. The acquisition also includes 104 adjacent acres, which Lu...

The publisher of Lubricants World stated yesterday that recent reports of plans to fold the magazine are unfounded. Owned by Hart Publications, a subsidiary of investment bank Veronis Suhler Stevenson, Lubricants World is published monthly except for January and July and reportscirculation of 10,340. “We are committed to this industry and the success of this publication,” Publisher David Coates told Lube Report yesterday. Folio: First Day, a bi-weekly newsletter covering the magazin...