Chevron is the Second Major to Move in Round 2
Chevron Lubricants announced today a general increase of up to 10% on all its lubricating oils and greases. The increase is effective May 7, 2018. Chevron attributes the adjustment to the increasing costs of raw materials used in the manufacturing process.
This announcement follows ExxonMobil, the first major to move in round 2, as reported by JobbersWorld, March 23, 2018.
See the bottom of page for a complete table of all price increases reported by JobbersWorld in Round 2, 2018.
Valor Oil acquires Harper Companies of Florence, KY
Valor Oil announces the purchased of Florence, KY based Harper Oil Products, Inc. and Harper Properties, Inc. assets effective April 1, 2018.
|Left to right: Josh Emmick SVP, Gary Emmick CEO/President|
“We at Valor Oil can’t tell you how excited we are to have this opportunity to continue the work of such well-respected and well -run businesses”, said Valor Senior Vice President Josh Emmick. Adding to this, Emmick tells JobbersWorld, “The acquisition helps advance Valor’s goal to be the petroleum distributor of choice in Kentucky by extending its geographic reach originally from Bowling Green to Louisville, KY on into the northern part of the State and up to Cincinnati. The Harper’s have been life-long friends of mine and I am so glad they entrusted us with this opportunity. We will offer our entire suite of product lines in this market: Branded Stores, Unbranded Stores, Tankwagon Fueling, Transport Fueling, Cardlock Fleet Sites, Chevron Lubricants, Private Label Lubricants, DEF Manufacturing, and Renegade Racing Fuels.”
The Harper family has been a prominent petroleum wholesale distributor and convenience store retailer in the Northern Kentucky and Greater Cincinnati market since 1955. Steve and Larry Harper purchased and took over operations from founder Bobby Harper in 1990 and have continued its prominence and growth in the region. Harper Oil Products, Inc. provides services to retail fueling stations, commercial, industrial, agricultural, oil heat and governmental customers with unbranded and branded fuels and lubricants. Harper Properties, Inc. operates nine convenience stores under the HOP Shops brand and one Dairy Queen Grill & Chill fast food restaurant.
Valor Oil is a 3rd generation family owned company based in Owensboro, Kentucky and is a full-line petroleum distributor. Valor will now have physical presence in Owensboro, Bowling Green, Louisville, Florence and Maysville Kentucky. Their services provide fuels, additives, lubricants, racing fuels and diesel exhaust fluid (DEF) – as well as innovative, cost-saving services – to gas stations, convenience stores, and a wide variety of businesses in the commercial, industrial, marine, mining, oil heat and farming sectors in Kentucky, Central Tennessee, Southern Indiana, Southern Illinois and Southern Ohio. With products ranging from a full line of Chevron, Petro Canada, and private label lubricants, to top tier branded gas, to high-performance racing fuels and oils, Valor Oil has become one of the premier fuel and lubricant distributors in the region. Through its company operated HOP Shop convenience stores Valor now directly serves the motoring public with clean and inviting stores providing quality gasolines and well stocked facilities at competitive prices.
AXEL ACQUIRES ROYAL MFG
AXEL Christiernsson has acquired the operating assets and the majority of other assets of Royal Mfg Co, LP. The business will now be carried forward as AXEL Royal LLC, a subsidiary of AXEL Americas LLC, building on the heritage of Royal Mfg Co, LP as a well-established supplier of lubricating greases and lubes in the US market and abroad.
The AXEL Christiernsson Group (AXEL) has expanded and become one of the leading producers and suppliers of lubricating greases in Europe, with state-of-the-art manufacturing facilities in Sweden, the Netherlands and France, and AXEL Americas, LLC is also a significant player in the US. Through organic growth and acquisitions, the company is now a leading supplier of private label lubricating greases in the global business-to-business” market.
AXEL works successfully with many of the leading lubricant companies around the world and has become the largest independent manufacturer of lubricating greases in the European market, with a noticeable position in the USA since 2011. By adding Royal, we create a step change for AXEL Americas, increasing our capacity and extending our reach in the US market.
Royal Mfg Co, LP, has facilities in Tulsa, Oklahoma and Schertz, Texas. Since 1914, Royal and its predecessors have provided high-performance oils and greases to their clients. Bill Mallory, of Royal, has also successfully expanded by bringing Troco and Wright into the same structure. The Brownsville base oil terminal is not included in this transaction.
“I am pleased to see Royal becoming a part of the AXEL Group and believe our companies will work very well together, building on the knowledge and skills that prevail on both sides. Royal and AXEL are both dedicated to high-quality products and customer service. The combination will be excellent!”, said Bill Mallory, President Royal Mfg. Co LP
According to AXEL Americas President, Tom Schroeder, “Our combined customer offering will increase significantly with the capabilities of three production sites and the talents of the larger work force coming together. We will operate the business as AXEL Royal LLC to effectively bridge the transition in a transparent and structured manner. Bill Mallory will be assisting us for a period as consultant, while Jim Gott, Dr Anoop Kumar and all others in the existing team will carry forward as employees of the new company. I, with the help of our dedicated employees, look forward to leading this new organisation and making it a leading lubricating grease company in the US; much like AXEL is in Europe.”
“We are excited to take this important step to grow our platform in USA. We look forward to this great opportunity and our commitment is to offer all our customers, existing and new, remarkable products and excellent services through our talented people”, said Johan Stureson, CEO AXEL Christiernsson.
Round 2 Lubricant Price Increase Summary
|Company||Announced Date||Effective Date||Increase|
|Sinclair Lubricants||2/12/2018||3/1/2018||up to 5%|
|CAM2||3/1/2018||3/24/2018||4 to 10%|
|Smitty’s Supply||3/1/2018||3/24/2018||4 to 10%|
|Pinnacle Oil||3/2/2018||3/19/2018||5 to 10%|
|Allegheny Petroleum||3/5/2018||3/24/2018||4 to 8%|
|Advanced Lubrication Specialities (ALS)||3/29/2018||6 to 9%|
|Sunoco||3/29/2018||6 to 9%|
|Chemlube||3/7/2018||3/26/2018||5 to 8%|
|Reliance Fluid Technologies (RFT)||3/7/2018||4/9/2018||4 to 9%|
|Sunbelt Lubricants||3/8/2018||3/21/2018||6 to 8%|
|PennStar||3/9/2018||3/19/2018||6 to 10%|
|Martin Lubricants||3/12/2018||4/16/2018||4 to 10%|
|Warren Distribution||3/12/2018||4/9/2018||5 to 8%|
|Maverick Performance Products||3/7/2018||3/26/2018||5 to 8%|
|Royal Mfg||3/13/2018||4/2/2018||3 to 8%|
|Omni Specialty Packaging||4/23/2018||5 to 8%|
|ExxonMobil||3/22/2018||4/23/2018||up to 10%|
|Chevron||3/28/2018||5/7/2018||up to 10%|
JobbersWorld Announces Lubricant Pricing Reports
A must have report for manufacturers, marketers, buyers and others looking to understand price drivers and communicate the reasons for price increases to customers.
THE REPORTS provide insights and information on finished lubricant prices and an in-depth analysis of the cost drivers responsible for the changes in lubricant costs and prices in the US market.
The Finished Lubricant Pricing Reports provide lubricant manufacturers and marketers with an independent source of information and insights on price changes at the manufacturer and retail levels and the key drivers behind the changes. In addition to the influence of crude and base oil, the reports analyze the impact of changes in the cost of lubricant additives, transportation, packaging, labor, and others.