Brenntag acquires local lubricants distributor in North America
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Brenntag acquires local lubricants distributor in North America

10:16 AM, 9th September 2016
Brenntag acquires local lubricants distributor in North America

MULHEIM AN DER RUHR, GERMANY: Brenntag AG said it will strengthen its lubricants business in North America by agreeing to acquire Mayes County Petroleum Products Inc (MCP), a regional integrated lubricant and fuel distributor headquartered in Pryor, Oklahoma. The closing of the transaction will occur in the course of the next weeks. The acquired business generated sales of $37 million in the financial year 2015.

“Brenntag intends to be an active market consolidator in selected regions in the North American lubricants distribution market which is highly attractive and still fragmented with smaller distribution companies. The MCP acquisition perfectly fits in this strategy, strengthening our relationship with key suppliers and customers in the market,” said Markus Klahn, management board member, Brenntag Group and CEO Brenntag North America.

MCP is engaged in the sale, marketing and distribution of lubricants, commercial fuel, ancillary services and chemicals to industrial, commercial, construction, mining and agricultural consumers mainly throughout Oklahoma.

“The MCP acquisition is a valuable addition to the J A M platform that Brenntag acquired in December 2015. It is an excellent fit as it strengthens our existing business in the less volatile lubricants market and will lead to a geographical expansion into the adjacent Oklahoma market,” said Anthony Gerace, managing director, mergers & acquisitions, Brenntag Group.

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