U.S. lubricant distributor consolidation continued as Tennessee-based Parman Energy Group announced an agreement to buy the Chevron-branded lubes business of Lube-Tech & Partners, which will continue to be a lubricant distributor in the upper Midwest.
RelaDyne closed on the acquisitions of Jack Backer Distributors Inc., Seaboard Neumann and Flamingo Oil - three of Floridas top lubricant distributors - marking its entrance into the Sunshine State, the company announced Monday. Financial terms of the agreements were not disclosed.
Shell Lubricants and Comercial Importadora, S. de R.L. de C.V. - known as CISA - recently announced a new joint venture partnership in Mexico that includes investments in existing facilities, increased lubricant production capacity, new marketing capabilities and local workforce training and development.
Flooding along the Missouri and Mississippi rivers has forced Midwest lubricant companies to fall back on contingency plans for shipping as railways become submerged, industry insiders said this week.
Pugh Lubricants, Apollo Oil, Veterans Oil and Halco Lubricants, which identify themselves as a single lubricant and fuel distributor, announced two acquisitions this month. Apparently the trend of consolidation in the distributor segment is alive and well.
Repsol announced Monday an agreement to acquire 40 percent of lubricant distributor Bardahl de Mexico, which will enable the Spanish energy company to manufacture and sell its own lubricants in Mexico. Terms of the agreement - expected to close in 2018s third quarter - were not disclosed.
The trade war between the United States and China was one of the major events of 2018 - a year that otherwise was relatively quiet for the lubricants industry in the Americas. The industry launched a supplemental passenger car engine oil category but executed just a few acquisitions and avoided major disruptions caused by weather events or accidents.
Shell and one of its lubricant distributors recently opened a terminal and supply hub in northern Nevada dedicated to serving mining companies in the area. Sources said such facilities help cope with the long distances and large lubricant demands that the industry faces.
Shell Lubricants opened a 455,000 square-foot regional distribution center in Pittsburgh, Pennsylvania, with the help of third-party logistics provider Kenco Logistics, the companies announced Friday. The facility is the largest of Shells 11 distribution centers in the United States and will distribute products from its blending plant in West Virginia.
From the long-awaited adoption of ILSAC GF-6 to a crackdown on 303 hydraulic fluids to mergers and acquisitions, 2019 was a busy year in the Americas for events affecting the framework of the lubes industry.
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