Global consumption of original equipment manufacturer genuine engine oil is projected to increase at a compound annual rate of 4 percent through 2022, consultancy Kline & Co. predicted, with strong growth in North America due to shifts in vehicle ownership models and consumer behavior. read more
July 18, 2018
Volume 1 Issue 30
Valvoline Inc. completed the previously announced acquisition of the business assets of Great Canadian Oil Change Franchising Ltd., the third-largest quick-lube system in Canada. Quaker Chemical said it is in discussion with the European Commission and U.S. Federal Trade Commission regarding its combination with Houghton International – now expected to close in the fourth quarter of 2018. Quaker expects the remedy will involve a divestment of some product lines which, in total, are approximately 3 percent or less of the revenues of the combined company, consistent with Quaker's original projections and previous comments.