Haycock Petroleum Co. on Friday announced the acquisition of lubricants marketer Bowen Petroleum Inc. and an affiliated company, Bowen Trucking. Terms of the transaction were not disclosed. Bowen Petroleum will operate as a wholly-owned subsidiary of Haycock Petroleum and will continue to market and operate under the Bowen Petroleum name. Bowens management team, including its vice president and previous owner Clair Bowen, will continue in their current roles. Based in Pocatello, Idaho, Bowen Pe...

Grindrod Ltd. on Monday announced the acquisition of the remaining 50 percent of Cockett Marine Oil that it did not yet own. Terms of the transaction were not disclosed. The trading division of Durban, South Africa-based Grindrod has traded in marine fuel and lubricants through Cockett Marine Oil since it first acquired a 50 percent share in the Kent, U.K.-based business in July 2005. This further acquisition supports our overall strategy, said Brendan McIlmurray, chief executive officer of Grin...

Junell Corp. – doing business as Advanced Lubrication Specialties – recently received a $397,660 grant for track rehabilitation and construction of an oil/water separation system and loading pad at its blending facility along Conrail Shared Assets Morrisville rail line in Pennsylvania. The grant is part of a $10.2 million, 38-grant investment in rail freight infrastructure announced March 26 by Pennsylvania Gov. Edward Rendell. Advanced Lubrication Specialties president Greg Julian t...

WD-40 Co. on April 9 reported that its net sales for the second quarter, ending Feb. 29, totaled $78.9 million, down 0.5 percent from 2007s second quarter, while net income declined 3.1 percent, to $8.7 million, compared to the year-earlier period. Earnings per share were 51 cents in the second quarter, compared to 52 cents per share in the same quarter a year earlier. Cost of goods during the second quarter was 51.7 percent of sales, down from 50.8 percent in the second quarter of 2007, accord...

Total and Compaa Espaola de Petrleos, S.A. (Cepsa) last week announced plans to merge their petroleum product marketing operations in Portugal to create a new operator managed by Cepsa. The new company, which will have co-branded service stations, will sell Cepsa, Total and Elf brands of lubricants and other petroleum products. The new company will have a market share of almost 11 percent, a network of 300 service stations and a strengthened position in specialties, including lubricants, bitumen...

ILMA has completed the first round of testing of its members passenger car motor oils, and found that two of 19 random samples failed to meet performance claims. The associations Ethics Committee is investigating the cases. James A. Taglia, president of NL Grease and chairman of the ILMA task force that developed the product testing program, reported to the members at the Independent Lubricant Manufacturers Association Management Forum near Albuquerque, N.M., on April 12. ILMA does not want to t...