December 27, 2017
Volume 17 Issue 52
ExxonMobil Corp. will combine its refining and marketing operations into a single company, ExxonMobil Fuels & Lubricants Co., in the first quarter of 2018. Bryan Milton, current president of ExxonMobil Fuels, Lubricants & Specialties Marketing Co., was appointed to become president of the combined division effective Jan. 1. Elco Corp. parent Detrex and global specialty chemicals company Italmatch Chemicals completed their merger agreement, under which Italmatch will pay $27 per Detrex share, or nearly $46 million cash, to create a new subsidiary.