Huels Oil Company Acquires Red Bud Oil Company
JobbersWorld has published a number of stories about high profile acquisitions of marketers over the years. Examples include those made by RelaDyne, PetroChoice, Brenntag, to name a few. But while many of the deals done by these and others were big, there have been other noteworthy acquisitions that are reshaping the lubricant distribution business. One of the most recent occurred this month when Heuls Oil acquired Red Bud Oil.
As many in the mid-west market know, Huels is a Chevron 1st Source Marketer. The company provides southern Illinois and adjoining states with lubricant and fuel. Red Bud, while distributing Chevron products and packaging its local-known house brand, found its niche providing lubricants and greases for railroads and in shipping specialty products nationally and for export.
Whereas this acquisition is not likely to make Huels Oil Company a goliath in the business, it clearly broadens and bolsters its product portfolio, particularly in lubricant and greases used in railroad applications. In part this is because Red Bud Oil has been servicing this industry for decades with both Chevron and heritage Texaco products.
About Huels Oil Company
Huels Oil Company has been a family-owned and operated business for the past 35 years operating mainly in the Clinton, Washington, St. Claire, and Bond county areas. Huels Oil Company services fifteen county areas for tank wagon fuel deliveries, all of Illinois for transport fuel deliveries, and from Indianapolis IN to St. Louis MO and from Dixon IL to Paducah KY with lubricants.
Red Bud Oil Company
Red Bud Oil Company is a family-owned and operated business based in Red Bud, Illinois. The company was started by Chick Brand in 1930 and was affiliated with The Texas Company (later to become Texaco), selling fuels and lubricants. David and Teresa Matteson acquired Red Bud in 1995, and expanded the company into a specialty supplier representing Chevron Products and also procuring a private label under the Four Seasons Brand name. In 2010, Red Bud decided to primarily concentrate on lubricants, selling its fuel division to Select Propane and Fuel, and closing down its convenience stores. During that time, Red Bud developed a niche market in the railroad lubricants business and also shipping specialty products across the United States and abroad.