U.S. Lubricants Enters into Agreement to Purchase bp Blending Facility in Baltimore, MD
Acquisition to expand delivery service throughout Mid-Atlantic and Southeast
U.S. Lubricants, a division of U.S. Venture, has entered into an agreement to purchase a turn-key lubricant blending and processing facility in Baltimore, MD from bp.
“This acquisition, which is aligned with our transformational growth-oriented strategy, provides U.S. Lubricants the opportunity to expand into the mid-major market with the scaling capabilities of a major lubricant provider while retaining our family-owned values of placing our customers first,” said James Williams, president at U.S. Lubricants. Not only will this opportunity expand our offerings to strategic customers with a need for optimized 3PL or toll blending, but it also allows growth for our THRIVE® brand, ultimately expanding our service area to customers throughout the Mid-Atlantic and Southeast regions.
The 105,500 square foot facility with blending, packaging, and storage capabilities is rail-served, has efficient transloading capability, and is located near the Port of Baltimore, allowing U.S. Lubricants to blend greater volumes and transport throughout the country. U.S. Lubricants is uniquely positioned to be nimble and implement changes quickly, and also benefits from the expertise and infrastructure of their larger parent corporation, U.S. Venture.
The deal is expected to close first quarter 2022. Terms of the deal are not being disclosed.
About U.S. Lubricants
U.S. Lubricants is a leading lubrication solutions provider offering a wide range of lubricants, lubrication services, and reliability programs for automotive, heavy duty, and industrial business. As a family-owned business, U.S. Lubricants promises the reliable service, agility, and partnership of a small distributor while providing the expertise and experience of a large distributor. The U.S. Lubricants team is dedicated to providing a best-in-class customer experience. To learn more, visit www.uslube.com.
About U.S. Venture, Inc.
For more than 70 years, U.S. Venture, Inc. has been recognized as an innovative leader in the distribution of petroleum and renewable energy products, lubricants, tires and parts, and using data-driven insights to manage energy and information in the global movement of goods. U.S. Venture delivers unconventional, creative solutions that give their customers a competitive edge, and enables the company to support the communities in which they live, work, and play. Through the values lived by the business divisions: U.S. Oil, U.S. AutoForce®, Tire’s Warehouse, Treadmaxx®, U.S. Gain, Breakthrough, U.S. Lubricants, U.S. Petroleum Equipment, and IGEN, U.S. Venture seeks new ways to drive business success while being steadfast in their commitment to making the world a better place.