January 16, 2014 

Thwaites and Vintage Acquire Ownership of LSC

December 18, 2013

- Western Marketing Achieves Highest Chevron Lubricant Recognition- - Winning the Eagle Award Two Consecutive Years Running

- News12 Presents an Eye Opening, Three Part Series about Bad Motor Oils on Shelves

December 12, 2013  

- News12 Presents an Eye Opening, Three Part Series about Bad Motor Oils on Shelves

December 10, 2013

- Calumet Specialty Products Partners, L.P. Acquires Bel-Ray Company, Inc.

- Retail Prices Can be Telling

12/6/2013

- Retail Prices Can be Telling

11/5/2013

10/8/2013

- Michigan Orders Another Bad Motor Oil off Its Shelves

9/17/2013

- Clean Harbors Announces Acquisition of Evergreen Oil

- Michigan Takes Action to Protect Car Owners From Bad Oil. Orders City Star/Star Petroleum Motor Oils and ATFs off the Shelves!

9/3/2013

8/20/2013

6/25/2013

6/14/2013

6/7/2013

5/23/2013

5/14/2013

4/24/2013

4/11/2013

4/4/2013

4/2/2013

3/25/2013

3/12/2013

3/6/2013

3/4/2013

2/12/2013

1/22/2013

1/15/2013

1/14/2013

1/14/2013

1/9/2013

1/2/2013

1/2/2013

JOBBERSWORLD...MARKET INTELLIGENCE FOR INTELLIGENT MARKETERS...          

Eastman to Acquire Aviation Turbine Oil Business from BP

Eastman Chemical Company today announced that it has entered into a definitive agreement to acquire the assets of BP's global aviation turbine engine oil business, with annual revenues of approximately $100 million.  The acquisition includes a production facility in Linden, NJ, specialized laboratory equipment located in Naperville, IL, and a long-term supply agreement for products related to the acquired business that BP will use to serve industrial markets.

When added to its Skydrol® aviation hydraulic fluids, the acquired fluids product portfolio is expected to enable Eastman to better meet the global aviation industry's needs. Subject to receipt of required regulatory approvals and satisfaction of other customary closing conditions, the acquisition is expected to be completed in the second quarter of 2014. Terms of the transaction were not disclosed.

"With the acquisition of BP's global aviation turbine oil business, Eastman will gain a growing and profitable specialty chemical business that aligns well with our existing product offerings," said Ron Lindsay, chief operating officer.  "This acquisition is consistent with our objective of consistent superior value through disciplined capital allocation including bolt-on acquisitions."

The acquisition is expected to be accretive to Eastman's full-year 2014 earnings excluding acquisition-related costs and charges.  Following the completion of the transaction, the aviation turbine oil business will become part of Eastman's Specialty Fluids & Intermediates segment.

Moelis & Company is acting as exclusive financial advisor and Jones Day is serving as legal counsel for Eastman on this transaction.

JobbersWorld Note: BP is a major supplier of synthetic aviation turbine oils to commercial airlines, and Skydrol is the largest selling brand of synthetic hydraulic fluid to the same industry. 

Silogram Lubricants Files Lawsuit Against Former Employees and Others

Silogram Lubricants, an independent lubricant manufacturer with operations in Bayonne, NJ, filed a lawsuit against Stevan Jospey, Luis Lebron, Encore Petroleum and a number of others on January 6, 2014 in the New York Southern District Court.    

The complaint alleges violation of the Lanham Act; including trademark/tradename infringement, misappropriation of trade secrets, tortious interference with business relations, aiding and abetting fraud and fiduciary duties, breach of contract, and a number of others allegations. 

Silogram's action seeks to remedy what it alleges is criminal activity and civil torts by the defendants aimed at stealing all the value from Silogram and ultimately destroying the company.  

Related:

Silogram Lubricants Corp. v. Stevan Jospey et al

JobbersWorld, March 2012 Silogram Lubricants Files Suit Against Everclear