Home Topics Mergers/Deals/Acqusitions

Mergers/Deals/Acqusitions

Huntsman Sells Surfactants Business

Indorama Ventures acquired Huntsman Corp.s chemical intermediates and surfactants businesses for $2 billion, the companies announced last week. A number of products included in the acquisition can be used to make lubricants and metalworking fluid additives.

HollyFrontier to Acquire Sonneborn

A HollyFrontier subsidiary will acquire Sonneborn from private equity firm One Equity Partners for $655 million cash under an agreement announced yesterday. HollyFrontier officials said the addition of Sonneborns specialty products is another step in diversifying its product mix with a shift toward finished products.

RelaDyne Enters the Sunshine State

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.

FTC Tells Quaker Chem, Houghton to Divest

The United States Federal Trade Commission announced Tuesday that it will require Quaker Chemical and Houghton International to divest operations related to aluminum and steel rolling oils as a condition of their delayed merger.

HollyFrontier Buying Red Giant Oil

HollyFrontier Corp. announced yesterday a deal to buy Red Giant Oil Co., an Iowa company that claims to be one of the countrys largest suppliers of locomotive engine oils.

Lanxess Acquires Brazilian Biocide Maker

Lanxess acquired Itibanyl Produtos Especiais Ltda., a leading Brazilian manufacturer of biocides, including some used in metalworking fluids and lubricants. The purchase price was not disclosed for the deal, which was announced Dec. 2.

Yushiro, QualiChem Form Partnership

Japan-based Yushiro Chemical Industry Co. and American metalworking fluid supplier QualiChem Inc. announced an agreement yesterday for Yushiro to acquire a stake in QualiChem and for the companies to help each other enter new markets.

Mavis, Express Oil to Merge

Mavis Discount Tire agreed to merge with Express Oil Change & Tire Engineers, creating one of the largest independent chains of auto service providers in the United States. The merged chain will have more than 830 locations offering oil changes and other services.

Equity Firm Acquires Heartland

Private equity firm Wynnchurch Capital acquired do-it-for-me oil change giant Heartland Automotive Services Inc. for $1.3 billion, the companies announced last week. The Chicago-based firm partnered with Jiffy Lube franchise Mid-Atlantic Lubes Inc. for the acquisition, but declined to comment on details of the partnership.

Axel Acquires Royal Manufacturing

Axel Christiernsson announced Monday its acquisition of Royal Manufacturing, a deal that will triple Axels grease production capacity in the United States.
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