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CHS Acquires Nor-Lakes Liquid Lubricant Business and The Farm-Oyl Company |
CHS Inc., a leading energy, grains and foods
company, has signed a purchase agreement to
acquire the liquid lubricants business of
Nor-Lakes Services Midwest, Inc., of Hugo,
Minn., and The Farm-Oyl Company of St. Paul,
Minn., as part of a strong commitment to
growing the CHS lubricants business. The
closing on the purchase is expected to occur
April 30, 2007.
Nor-Lakes Services Midwest is a private label
lubricants manufacturer founded in 1988 to
produce private label lubricants and greases,
including the Farm-Oyl® brand. The Farm-Oyl
Company has been marketing heavy-duty
lubricants to Upper Midwest customers since
1929.
"This new acquisition reflects our
commitment to being a dependable, long-term
lubricants supplier, and allows us to
optimize our manufacturing facilities," said
Anwer Hussain, Senior Vice President of
Lubricants. "Farm-Oyl, like CHS, has a
deep-rooted tradition of meeting the tough
demands of agricultural and commercial
customers with reliable lubricants for more
than 75 years."
James Taglia, Nor-Lakes Services Midwest
President, said all liquid lubricant
production would be transferred from the Hugo
location to CHS facilities effective May 1.
"We're excited about this acquisition. CHS
has a strong commitment to being a long-term,
dependable supplier and is equally committed
to continuing to serve our customers," Taglia
added.
"The Farm-Oyl Company was founded on the
values of commitment, integrity and hard
work," said Robert Larson, President and CEO
of The Farm-Oyl Company. CHS shares those
values, and will continue to be a dependable
supplier of quality Farm-Oyl branded
lubricants, " Larson added.
CHS produces Cenex®-branded and other
lubricants at three ISO-9001:2000-certified
manufacturing facilities in Minnesota, Ohio
and Texas. The company markets a full line of
lubricants for use in agricultural,
commercial, recreational and industrial
equipment.
Nor-Lakes Services Midwest's NL Grease LLC
will continue to produce and distribute
grease products from its Kansas City
manufacturing facility.
Terms of the joint acquisition were not
disclosed.
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Lubrizol Looking Good |
The Lubrizol Corporation announced that it
expects to report strong earnings performance
for the first quarter of 2007.
In the first quarter of 2006, the company
reported earnings from continuing operations
of $.66 per diluted share, including a
restructuring charge of $.02 per share.
Excluding the restructuring charge, adjusted
earnings from continuing operations for the
first quarter of 2006 were $.68 per diluted
share. Comparable adjusted earnings from
continuing operations for the first quarter
of 2007, excluding the restructuring credit,
are expected to be in the range of $.98 per
diluted share. First Call analyst earnings
consensus is currently $.78 per share.
Lubrizol says the strong performance compared
to the first
quarter a year ago was
primarily the result of higher revenues,
driven by the improvement in the combination
of price and product mix. In addition,
shipment volumes in the quarter were higher
than expected, and reflected a return to
normal order patterns.
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Jig-A-Loo; You gotta love it! |
No sooner does WD-40 announce to Wall Street
that 2Q earnings exceeded expectations and
net income rose to $8.9 million, does some
"Jig-A-Loo" start making a lot of noise in
the US market to charm the
rust off WD's consumers with its youthful
enthusiasm, witty sense of humor, alluring
orange and blue suit, and seemingly
effortless ability to lubricate stuck objects
without the use of oil, grease, wax, or
detergent. And oh yeah, they say this
Jig-A-Loo smells good too.
Launched in the Canadian mass retail market
in 1998, and just now making it big in the US
with its presence in Home Depot and other
stores, Jig-A-Loo is a spray lubricant
manufactured by Jig-A-Loo World out of
Montreal Canada. It's formulated to stop
squeaks, unstick "just about anything," and
protect against rust. It addition it's said
to be an exceptional water repellent.
According to it makers, Jig-A-Loo is
essential for hundreds of uses around the
house, garage, workshop, garden, and sports
lockers.
Sound familiar?
You bet its does if you get a paycheck from
WD-40 every two weeks. Because based on
everthing we are reading and hearing about
this young "Jig-A-Loo" out of Quebec Canada,
it's willing and ready to take on
that ubiquitous blue and yellow can with the
ever missing red straw. And if you don't
think so, consider what might have been going
through the mind of David Gilmour's head, CEO
of Jig-A-Loo, when he said "we are going to
shake up this dull, dormant category that
hasn't been shaken up." Also consider that
Jig-A-Loo says they already managed to take
away 50%
of the market share from WD-40 in the Great
North.
Maybe there is a
message between the lines of this story that
lubricant marketers and independent lubricant
manufacturers can learn from. That
message speaks to branding, the power of good
marketing, and the courage to take on the big
guy.
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Conocophillips Lubricants API CJ-4 Compatible Heavy Duty Engine Oils Meet Caterpillar Specifications |
ConocoPhillips Company, the fourth largest
U.S. lubricants supplier, announced that its
line of API CJ-4 diesel engine oils are also
compliant with the new Caterpillar Engine
Crankcase Fluid (ECF) -2 and ECF-1-a
specifications. These products, which were
previously qualified as Cat ECF-3, were
designed for use in the 2007 or later model
engines equipped with diesel particulate
filters (DPF) and catalysts for exhaust
aftertreatment, according to Reginald Dias,
director, commercial products, ConocoPhillips
Lubricants.
"We're pleased that by meeting Cat ECF-2 and
ECF-1-a certifications, our API CJ-4 products
are now approved for use in a wide range of
Caterpillar off-highway equipment that would
have previously required alternative engine
oils," said Dias.
ConocoPhillips API CJ-4 products now approved
as ECF-3, ECF-2 and ECF-1-a compatible are:
- Guardol ECT, Synthetic Blend 15W40
- Kendall Motor Oil Super-D XA, Synthetic
Blend 15W40
In addition, ConocoPhillips' entire line of
API CI-4 PLUS engine oils are now certified
as Cat ECF-2 and Cat ECF-1-a. These products
are primarily designed for use in equipment
manufactured prior to 2007 and in off-highway
equipment not requiring API CJ-4 oils
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