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Parkland Corporation Announces Agreement with Largest Shareholder Simpson Oil; Builds on Longstanding Relationship
Parkland Corporation Announces Agreement with Largest Shareholder Simpson Oil; Builds on Longstanding Relationship Ensures Simpson’s representation and continued support for Parkland to maximize shareholder value
Univar Solutions to be Acquired by Apollo Funds for $8.1 Billion
Univar Solutions Inc. and Apollo announced today that funds managed by affiliates of Apollo (the “Apollo Funds”) have entered into a definitive merger agreement to acquire the Company in an all-cash transaction that values the Company at an enterprise value of approximately $8.1 billion. The transaction includes a minority investment from a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”).
Chevron Refreshes and Optimizes Grease Product Line
Chevron announced refreshed branding for its line of grease products, featuring new naming and packaging to make the product selection process more seamless for customers. This product optimization aims to future proof its product line to serve today’s equipment needs and meet the needs of tomorrow.
RelaDyne Acquires Grupo Lucalza
RelaDyne Acquires Grupo Lucalza RelaDyne, United States’ largest lubricant distributor and market leader in fuel, diesel exhaust fluid (DEF), and industrial reliability services, has acquired
Fighting for Lithium
Fighting for Lithium Lithium complex grease accounts for close to 40% of the total grease demand in the US market. It’s second only to conventional
ELM Grease Capacity Expansion in Final Phase
ELM Grease Capacity Expansion in Final Phase The ELM capacity expansion is entering its final phase with the recent delivery of nearly one megawatts of
Grease Price Increase
Grease Price Increase Lubricant marketers got word earlier this week that Lubrication Engineers (LE) announced an increase on the price of lithium complex grease. The
The Silence is Deafening
The Silence is Deafening While you can be sure some lubricant marketers are having a positive experience in 2023, most that JobbersWorld speaks with say
Lubrizol Opens New Grease Lab to Support Development for Lithium Alternative in India
Lubrizol Opens New Grease Lab to Support Development for Lithium Alternative in India Lubrizol strengthens its commitment to ensuring the supply reliability of Industrial grease
CITGO presents Hampel Oil with the Top 10 Marketer award, Exemplary Volume Growth and Outstanding Performance award
CITGO presents Hampel Oil with the Top 10 Marketer award and the Exemplary Volume Growth and Outstanding Performance award From left to right: Gabby Ring
KLONDIKE Announces Inaugural VP of USA Sales
KLONDIKE Announces Inaugural VP of USA Sales KLONDIKE Lubricants announced the appointment of Vince Konynenbelt as Vice President Sales USA. Vince is a Canadian, grew
STERN Co. purchases Raymond Oil
STERN Co. of Freeman, SD purchased Raymond Oil of Huron, SD effective Feb. 1, 2023.
Parkland Corporation Announces Agreement with Largest Shareholder Simpson Oil; Builds on Longstanding Relationship
Parkland Corporation Announces Agreement with Largest Shareholder Simpson Oil; Builds on Longstanding Relationship Ensures Simpson’s representation and continued support for Parkland to maximize shareholder value
Univar Solutions to be Acquired by Apollo Funds for $8.1 Billion
Univar Solutions Inc. and Apollo announced today that funds managed by affiliates of Apollo (the “Apollo Funds”) have entered into a definitive merger agreement to acquire the Company in an all-cash transaction that values the Company at an enterprise value of approximately $8.1 billion. The transaction includes a minority investment from a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”).
Chevron Refreshes and Optimizes Grease Product Line
Chevron announced refreshed branding for its line of grease products, featuring new naming and packaging to make the product selection process more seamless for customers. This product optimization aims to future proof its product line to serve today’s equipment needs and meet the needs of tomorrow.
RelaDyne Acquires Grupo Lucalza
RelaDyne Acquires Grupo Lucalza RelaDyne, United States’ largest lubricant distributor and market leader in fuel, diesel exhaust fluid (DEF), and industrial reliability services, has acquired
Fighting for Lithium
Fighting for Lithium Lithium complex grease accounts for close to 40% of the total grease demand in the US market. It’s second only to conventional
ELM Grease Capacity Expansion in Final Phase
ELM Grease Capacity Expansion in Final Phase The ELM capacity expansion is entering its final phase with the recent delivery of nearly one megawatts of
Grease Price Increase
Grease Price Increase Lubricant marketers got word earlier this week that Lubrication Engineers (LE) announced an increase on the price of lithium complex grease. The
The Silence is Deafening
The Silence is Deafening While you can be sure some lubricant marketers are having a positive experience in 2023, most that JobbersWorld speaks with say
Lubrizol Opens New Grease Lab to Support Development for Lithium Alternative in India
Lubrizol Opens New Grease Lab to Support Development for Lithium Alternative in India Lubrizol strengthens its commitment to ensuring the supply reliability of Industrial grease
CITGO presents Hampel Oil with the Top 10 Marketer award, Exemplary Volume Growth and Outstanding Performance award
CITGO presents Hampel Oil with the Top 10 Marketer award and the Exemplary Volume Growth and Outstanding Performance award From left to right: Gabby Ring
KLONDIKE Announces Inaugural VP of USA Sales
KLONDIKE Announces Inaugural VP of USA Sales KLONDIKE Lubricants announced the appointment of Vince Konynenbelt as Vice President Sales USA. Vince is a Canadian, grew
STERN Co. purchases Raymond Oil
STERN Co. of Freeman, SD purchased Raymond Oil of Huron, SD effective Feb. 1, 2023.
News Archives
RelaDyne Acquires Grupo Lucalza
Fighting for Lithium
ELM Grease Capacity Expansion in Final Phase
Grease Price Increase
The Silence is Deafening
STERN Co. purchases Raymond Oil
Lubricant Prices Move Down – Trend or Correction?
American Industrial Partners Announces Acquisition of RelaDyne, Inc.
Matrix Announces the Successful Sale of Jack’s Convenience Stores
Brewer-Hendley Oil Company Partners with Cadence Petroleum Group
Matrix Announces the Successful Sale of Slidell Oil Company, LLC
Valor Oil acquires Ford’s Fuel Service, Inc of Loris, SC
Matrix Announces the Successful Sale of Tri-State Petroleum Corporation
Chevron and CITGO Announce Lubricant Price Adjustments
ExxonMobil Revisits its Recent Lubricant Price Increase
Calumet Set to Decrease Base Oil Posting
Safety-Kleen and Phillips 66 Announce Base Oil Price Decreases
Motiva and Chevron Announce Base Oil Price Decreases
More Base Oil and Lube Increases
More Price Increases
ExxonMobil Announces Base Oil Increase
SOPUS Announces Increase, combines with previous
More Lubricant Price Adjustments
Motiva Announces Increase in Base Oil Postings
SOPUS Announces Lubricant Price Increase
NMMA to Highlight Advancements and Availability of Multiple Sustainable Marine Fuels at the World’s Largest Boat & Yacht Show
NMMA to Highlight Advancements and Availability of Multiple Sustainable Marine Fuels at the World’s Largest Boat & Yacht Show The National Marine Manufacturers Association (NMMA)
Vertex Energy Announces Sale of Heartland Used Motor Oil Collections and Refining Business
UMO divestiture significantly streamlines business, improving focus on conventional fuels refining operations and initial renewable diesel production operations at Mobile, AL facility. Net proceeds of $85 million provide substantial liquidity to improve balance sheet health, as well as pursue incremental organic investment opportunities.
Amalie Oil Company Named 2022 Supplier of the year for O’Reilly Auto Parts
Amalie Oil 2022 Supplier of the year for O’Reilly Auto Parts
Matrix Announces the Successful Sale of Alpena Oil, Inc.
Matrix Announces the Successful Sale of Alpena Oil, Inc. Matrix Capital Markets Group, Inc., a leading, independent investment bank, announces that it has advised Alpena
Chevron and CITGO Announce Lubricant Price Adjustments
Chevron and CITGO Announce Lubricant Price Adjustments Chevron Implements a General Lubricant Price Decrease, and will Increase the Price on Grease Chevron announced a general
Yoder Oil Company Partners with Cadence Petroleum Group
Cadence Petroleum Group continues its expansion with the acquisition of Yoder Oil Company. Yoder is a 3nd generation fuel, oil, and diesel exhaust fluid distributor headquartered in Elkhart, IN. They operate a second distribution center in Indianapolis, IN, along with 4 unattended cardlocks in northern Indiana.
What’s Next?
While recent reductions in the price of base oils, and the declines in the CPI and PPI in 4Q22 could mean good news for some in the short term, the big concern now is…
Base Oil Price Decreases
Motiva, Chevron, and Safety-Kleen announce decreases in posted base oil prices. Motiva announced a posted price decrease of $0.50 a gallon on its 100 and 220N base oils, and $0.20 per gallon decrease…More