Brenntag acquire assets Lubrication Services

Brenntag to acquire assets of Lubrication Services

4:49 AM, 13th March 2013
Brenntag to acquire assets of Lubrication Services

 

MULHEIM AN DER RUHR, GERMANY: Brenntag, the global market leader in chemical distribution, has agreed to acquire the assets of Lubrication Services, LLC (LSi), one of North America’s leading multi-regional distributors of lubricants and chemicals. The company is headquartered in Oklahoma City, Oklahoma and serves the Oil & Gas industry through a network of facilities in six states that cover many of the US shale gas plays. The acquisition is subject to contractually agreed closing conditions.

“LSi has a market position, expertise and infrastructure that will allow us to further increase our participation in the expected rapid growth related to the shale plays. The acquisition is an excellent addition to the core product offering of our subsidiary, Coastal Chemical Co LLC. Furthermore, LSi will strengthen existing distribution relationships with key supply partners and key customers in an expanded geography,” said Anthony Gerace, Executive Vice President, Brenntag North America.

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