Parman Energy Group to Acquire Chevron Business from Lube-Tech & Partners

ParmanEnergyGroupParman Energy Corporation, now Parman Energy Group, announced its upcoming acquisition of Lube-Tech & Partners’ (Lube-Tech) Chevron branded lubricants business in early March 2018. Under terms of the agreement, Parman Energy Group will acquire most of Lube-Tech’s Chevron-centric customer base. With this arrangement, both Parman Energy Group and Lube-Tech customers will continue to receive the same products and services they receive today, with the same level of uninterrupted customer service and support.

Parman Energy Group’s Upper-Midwest regional headquarters will be located in St. Cloud, MN, with additional distribution locations in Roseville, MN and Des Moines, IA. Parman Energy Group’s employee base will be comprised of Lube-Tech employees, including customer service, sales, drivers and warehouse staff. These Lube-Tech employees will become Parman Energy Group employees in early March 2018. Lube-Tech will continue to directly provide recycling, fuel and equipment products and services to Parman Energy Group customers.

“Lube-Tech is a family-owned company with a mission to make tomorrow a little bit better than today for each other, for our customers, and for our community” says Lube-Tech Chairman, Chris Bame. “Above all, we are proud of the relationships our Lube-Tech family has formed with our customers over the years. As the industry progresses towards more focused supply relationships, our new service arrangement with Parman Energy Group ensures our Chevron customers will have the right team and product offering to take their business performance to the next level.”

“Parman Energy was founded as a family owned business and is now 100% employee owned” says Steve Moore, Parman Energy Group’s President and CEO. “Our entry into the Upper-Midwest market is a key element in Parman’s overall growth strategy, and we look forward to bringing our trademark level of Totally Outrageous Customer Service to our customers there. Parman Energy Group shares Lube-Tech’s values and operating philosophies and is privileged to be able to continue the customer focused service that Lube-Tech customers have come to expect.”

About Parman Energy Group
Parman Energy Group, formerly Parman Energy Corporation, is an employee owned company that delivers quality lubricant products, diesel exhaust fluid, motor fuels, petroleum equipment, coolants, and related products, solutions and services. Since the mid-1930’s, the Parman name has been a name synonymous with petroleum products in Tennessee and has continued to expand their diverse petroleum product offerings throughout the Eastern U.S. For additional information, please visit the company website at www.parmanenergy.com.

About Lube-Tech & Partners, LLC
Lube-Tech & Partners was formed in June 2016 by the founding companies of Boyer Petroleum (Des Moines, IA), Lubrication Technologies (St. Paul, MN), and Moore Oil (Milwaukee, WI). The merged organization has built upon the founders’ long history of an employee-centric, customer-focused approach to business. As the Midwest’s go-to resource for advanced lubrication and energy solutions, Lube-Tech is driven to help customers accelerate their business performance through a high-octane approach to service – with a mission to make tomorrow a little bit better than today for its employees, customers and the community. Based in St. Paul, MN, Lube-Tech & Partners has operations in Iowa, Minnesota, and Wisconsin and serves commercial, automotive and industrial customers. The company produces and distributes millions of gallons of lubricants and chemicals and employs over 200 people. For more information, visit www.lubetech.com.

Round One Price Increase Summary

With nearly all major lubricant manufacturers announcing adjustments, the first round of finished lubricant price increases in 2018 will make its mark in the history books.

The first announcement JobbersWorld reported on came when CAM2 announced on January 12th that it was pushing through a price increase effective February 5th. This was soon followed by Shell and within three days of the first announcement, most lubricant manufacturers also announced with ExxonMobil only seven days after Shell. A summary of the most recent price increase announcements are shown below and that’s followed by a summary of all finished lubricant price increases JW reported in the first round for 2018.

As of today, the list of companies JobbersWorld reported on that have announced lubricant price increases in 2018 is shown below:

Company
Announced Date
Effective Date
Increase
CAM2 1/12/2018 2/5/2018 6 to 10%
SOPUS Products (Shell Lubricants) 1/15/2018 2/19/2018 up to 5%
Advanced Lubrication Specialties (ALS)
1/16/2018 2/5/2018 6 to 10%
Sinclair Lubricants 1/17/2018 3/1/2018 up to 6%
Chemlube 1/18/2018 2/5/2018 $0.20 to 0.25/gal
Nu-Tier Brands 1/18/2018 2/19/2018 6 to 8%
Martin Lubricants 1/18/2018 2/16/2018 4 to 7%
Safety-Kleen 1/18/2018 2/19/2018 5 to 8%
Pinnacle Oil 1/19/2018 2/6/2018 6 to 10%
Royal Mfg 1/22/2018 2/26/2018 5 to 8%
ExxonMobil 1/22/2018 2/26/2018 up to 6%
Reliance Fluid Technologies (RFT) 1/22/2018 2/26/2018 5 to 9%
Chevron 1/22/2018 3/1/2018 up to 5%
Warren Oil 1/22/2018 2/23/2018 4 to 10%
CITGO 1/23/2018 2/23/2018 5 to 8%
Petro-Canada 1/24/2018 2/23/2018 Lubricants up to 6%
Process Oils and Purity FG White Oils $0.10/gal
Warren Distribution 1/24/2018 2/26/2018 6 to 9%
Smitty’s Supply 1/24/2018 2/12/2018 lubricants 6 to 10%
Greases 3cpp
Phillips 66 1/25/2018 3/5/2018 up to 5%
Old World Industries 1/29/2018 2/12/2018 6 to 10%
BP Lubricants USA (Castrol excluding industrial) 1/29/2018 3/12/2018 up to 6%

News on the Wire

RelaDyne Acquires Conservancy Oil Group, More Price Increases

RelaDyne Acquires Conservancy Oil Group of New Mexico and Colorado

RelaDyne, one of the nation’s leading providers of lubricants, fuel, diesel exhaust fluid (DEF), and industrial reliability services, has acquired Conservancy Oil Group, a leading regional distributor of lubricants, DEF and related products based in New Mexico. This acquisition extends RelaDyne’s geographical footprint into Southwestern United States.

Founded in 1936, Conservancy Oil Group is the premier supplier of lubricants, coolants, DEF and chemicals in the Southwest. With four locations spanning New Mexico and Colorado, Conservancy Oil serves the automotive, commercial, and industrial markets.

“Our partnership with RelaDyne marks a new, and exciting era for Conservancy Oil,” said John Mayer, CEO of Conservancy Oil Group. “We are thrilled to partner with such a well-established company whose culture and values align so well with the foundation of Conservancy Oil. The infrastructure and capital that RelaDyne has to offer our team and our valued customers will greatly enhance the product offering and levels of service we can provide. We feel fortunate to be part of a company that is changing the landscape of lubricant distribution. Our combined strengths in the New Mexico and Colorado markets will allow us to accelerate our growth plans while providing more opportunities for our wonderful team and loyal customers.”

John Mayer of Conservancy Oil Group and Larry Stoddard of RelaDyne.

“The closing of the Conservancy Oil Group acquisition is the result of our substantial efforts to grow our existing footprint to include Southwest United States,” stated Larry Stoddard, RelaDyne President and CEO. “With the existing capabilities of Conservancy Oil Group and the resources RelaDyne can provide, I am very confident in the future. We welcome the Conservancy Oil team to RelaDyne!”

RelaDyne continues to be the “Acquirer of Choice” in the lubricants, fuel, and reliability segments. “The acquisition of Conservancy Oil Group is the first of many in 2018 for RelaDyne,” said RelaDyne CSO, Jeff Hart. “We are continually looking to acquire leading businesses with great people and great customers – Conservancy Oil Group and their stellar reputation is truly a perfect example of this. RelaDyne has made significant investments in acquiring great companies and in our ability to integrate and grow these companies once they join RelaDyne. This dedication to integration and growth at RelaDyne has allowed us to accelerate our acquisition pace as we continue to create a national distribution platform.”

About Conservancy Oil Group

Conservancy Oil Group is a leading, multi-branded lubricant distributor serving customers across New Mexico, Colorado, and southern Utah. With a portfolio of products to serve the automotive, commercial, and industrial markets, Conservancy is a well-established marketer in the Southwest region. Those interested in more information can contact the Albuquerque, New Mexico; Las Cruces, New Mexico; Grand Junction, Colorado; and Durando, Colorado offices to learn more about the lubrication products, services and equipment offered.

About RelaDyne

RelaDyne, headquartered in Cincinnati, Ohio, is one of the nation’s leading providers of lubricants, fuels, diesel exhaust fluid (DEF), and reliability services for industrial, commercial, and automotive businesses in the United States. RelaDyne was formed in 2010 by the combination of four well-established industry-leading companies and has since grown to more than 60 locations by strategically acquiring other industry leaders in the lubricant, fuel distribution, and industrial service segments. For more information, visit www.RelaDyne.com.

More Price Increases

Warren Distribution announced a price increase of 6 to 9% on all its lubricants. The increase is effective February 26, 2018. Warren attributes the increase to the higher cost of raw materials and transportation.

Smitty’s Supply announced it will increase the price of its bulk and packaged lubricants by 6 to 10%, and its greases by 3 cents per pound (cpp). The increase will go into effect on February 12, 2018. Smitty’s attributes the increase to the rising cost of raw materials used in manufacturing lubricants and greases.

Nu-Tier Brands announced that effective February 19, 2018, it will implement an increase of 6 to 8% on its finished lubricants. Nu-Tier attributes the increase to the higher cost of raw materials and manufacturing.

Reliance Fluid Technologies (RFT) advised its customers that due to the increase in cost of base oils, additives, packaging and transportation, it will increase its prices on its products by 5 to 9%. The increase goes into effect February 26, 2017.

As of today, the list of companies JobbersWorld reported on that have announced lubricant price increases in 2018 is shown below:

Company
Announced Date
Effective Date
Increase
CAM2 1/12/2018 2/5/2018 6 to 10%
SOPUS Products (Shell Lubricants) 1/15/2018 2/19/2018 up to 5%
Advanced Lubrication Specialties (ALS)
1/16/2018 2/5/2018 6 to 10%
Sinclair Lubricants 1/17/2018 3/1/2018 up to 6%
Chemlube 1/18/2018 2/5/2018 20 to 25 cpg
Nu-Tier Brands 1/18/2018 2/19/2018 6 to 8%
Martin Lubricants 1/18/2018 2/16/2018 4 to 7%
Safety-Kleen 1/18/2018 2/19/2018 5 to 8%
Pinnacle Oil 1/19/2018 2/6/2018 6 to 10%
Royal Mfg 1/22/2018 2/26/2018 5 to 8%
ExxonMobil 1/22/2018 2/26/2018 up to 6%
Reliance Fluid Technologies (RFT) 1/22/2018 2/26/2018 5 to 9%
Chevron 1/22/2018 3/1/2018 up to 5%
Warren Distribution 1/24/2018 2/26/2018 6 to 9%
Smitty’s Supply 1/24/2018 2/12/2018 lubricants 6 to 10%
Greases 3cpp

 

Shell Announces Price Increase

The First Major to Move

For those who read the issue of JobbersWorld published on Friday, January 12th, it’s clear that at least two lubricant manufacturers were working their financial spreadsheets and evaluating various courses of action to address the base oil and additive price increases taking effect this month. This became clear only hours after we published that issue when Cam2 announced a price increase. See JW Evening Edition  – Jan-12. Next was Shell.

SOPUS Products (Shell Lubricants) announced today that it will increase the price of its finished lubricants by up to 5%. The increase goes into effect on February 19, 2018. Shell attributes the move to increasing costs of raw material and delivery of its products.

Lube-Tech Auto Parts, LLC Merges with Mighty Auto Parts Distribution Franchise

Lube-Tech Expands Customer Offering in the Green Bay & Appleton, WI Market

Lubetech2Lube-Tech & Partners announced a merger between Lube-Tech Auto Parts, LLC (a division of Lube-Tech & Partners, LLC) and Mighty Auto Parts franchise of Greenville, WI. Under the terms of the agreement, Lube-Tech & Partners now has an exclusive license to distribute Mighty automotive products throughout all of Wisconsin and most of Iowa and Minnesota.

Founded in 1963, Mighty Distributing System of America is a Norcross, Georgia-based franchisor with 109 distributors in 44 states and four international markets. Mighty is a premier supplier of high quality aftermarket products and inventory control services exclusively to automotive professionals. The Mighty partnership provides Lube-Tech with additional products and services to deepen relationships with new car dealers and automotive service centers. Lube-Tech automotive customers in the northeastern WI market will now have access to Mighty’s signature inventory management services and full range of preventive maintenance products including filtration, wipers, lighting products, batteries, brakes, belts, shop supplies and chemicals.

Mighty Merger Signing

(Left: Dave Berlick – Mighty Auto Parts Greenville, WI franchise owner; Right: Andrew Haag – Lube-Tech Automotive Market Manager)

“The Mighty partnership expands the offering of products and services we bring to our customers in the Wisconsin Fox Valley marketplace,” says Dave Stascavage, Lube-Tech & Partners President. “Mighty allows us to increase customer value by helping customers become more profitable and proficient as providers of automotive maintenance services. In addition to helping customers realize cost savings through improved inventory management, we are also able to offer high-quality preventive maintenance products.”

“The synergies between Mighty and Lube-Tech & Partners provide us with a complete product offering to better service the automotive aftermarket”, says Dave Berlick, owner of the Mighty Auto Parts Greenville franchise. “We look forward to the opportunity to better serve our customer base.”

Andrew Haag, Automotive Market Manager for Lube-Tech & Partners states, “We are very excited to bring on the talent of the entire Mighty Auto Parts team in Greenville. Their knowledge and expertise will be a great asset to our automotive customers in the Green Bay and Appleton area, as well as the rest of our sales team.”

Lube-Tech remains committed to delivering “peace of mind” to its customers by providing solutions that help them improve performance and their bottom-line through consultative support and one-stop shopping for lubricants, chemicals, energy solutions, recycling, fluid handling equipment and automotive aftermarket products and inventory control services.

About Lube-Tech & Partners, LLC
Lube-Tech & Partners was formed in June 2016 by the founding companies of Boyer Petroleum (Des Moines, IA), Lubrication Technologies (St. Paul, MN), and Moore Oil (Milwaukee, WI). The merged organization has built upon the founders’ long history of an employee-centric, customer-focused approach to business. As the Midwest’s go-to resource for advanced lubrication and energy solutions, Lube-Tech’s mission is to help customers accelerate their performance – from their engines and equipment to their bottom line – while continuously improving employees’ lives and investing in the community. Based in St. Paul, MN, Lube-Tech & Partners has operations in Iowa, Minnesota, and Wisconsin and serves commercial, automotive and industrial customers. The company produces and distributes millions of gallons of lubricants and chemicals and employs over 200 people. For more information, visit www.lubetech.com.

About Mighty Distributing System
Mighty Distributing System, a franchisor of sales and services in aftermarket auto parts, is headquartered in Norcross, Georgia and supports 109 distributors in 44 states and four international markets. The Mighty System features attentive local service, inventory management expertise, classroom and on-site training in conjunction with extensive offerings of OE quality underhood and undercar parts, chemical products, lubricants and shop supplies. The Mighty business model attracts independent repair shops, quick lubes, tire centers and new car dealerships across the nation and abroad. Recognized as a “top 25 franchise brand” by The Wall Street Journal, Mighty’s unique approach of dealing directly and exclusively with automotive professionals began in 1963.

The FTC Issues Advance Notice of Proposed Rulemaking; Request for Public Comment on Recycled Oil Rule

 The Federal Trade Commission (FTC) requests public comment on the overall costs, benefits, and regulatory and economic impact of its rule specifying Test Procedures and Labeling Standards for Recycled Oil.

The Recycled Oil Rule contains testing and labeling requirements for recycled engine oil. The of the rule is to encourage used oil recycling, promote recycled oil use, reduce new oil consumption, and reduce environmental hazards and wasteful practices associated with used oil disposal.

CLICK FOR MORE

News On the Wire

Coolants Plus Acquires Scot Lubricants

STARFIRE Parent Coolants Plus Acquires Pennsylvania Blending and Packaging Facility 

STARFIRE logoCoolants Plus, the parent of STARFIRE branded products and one of the fastest growing oil companies in North America, announced the purchase of Scot Lubricants, Inc, a blending and packaging facility in eastern Pennsylvania. The new Coolants Plus facility, to be named PennStar, houses 250,000 square feet of production space, 750,000 gallons of tank storage and a state-of-the-art testing lab, giving Coolants Plus and the STARFIRE brand more control over manufacturing, quality assurance and greater flexibility in production and packaging.

This acquisition not only establishes STARFIRE as a major player in the lubricants sector, but also adds capacity to blend and package more of its STARFIRE branded lubricants. The Ohio-based company has launched several new products in the past 12 months and expects to continue its growth and product line expansion in 2018.

“This is a major step in our mission to make STARFIRE the preferred choice of consumers globally,” said Coolants Plus President and CEO Kurt Deimer. “This facility ensures we’ll continue to deliver on our promise of the highest quality products at a competitive price.”

Located in Northampton, Pennsylvania, the plant expands on Coolants Plus’ nationwide distribution channel and will provide additional access and support to their distributors and customers. A fleet of PennStar trucks will also ensure that customer’s delivery expectations are met.

“It’s an exciting time for Coolants Plus,” said Darrin Ward, COO. “This is a continuation of the growth we’ve already accomplished with the STARFIRE brand and underscores our commitment to our STARFIRE distribution network.”

For more information, see STARFIRE1.com.

Parman Acquires Star Petroleum

parmanenergyParman Energy Corporation, “Parman”, announced its acquisition of Star Petroleum in Blytheville and Jonesboro, AR. Star Petroleum is a petroleum distribution company that serves Arkansas, Missouri, and West Tennessee. The company has been proudly owned and managed by Jim Sims for over 20 years.

Star Petroleum specializes in oils and greases, motor fuels, diesel exhaust fluid and coolants. With Citgo as their leading lubricants brand, the company is best known for their service to the vast agricultural and industrial areas in Arkansas. “We are pleased to be joining forces with the Parman team” says Star Petroleum owner, Jim Sims. “Their staff understands and reflects our mission to deliver industry leading customer service and quality products.”

Mark Spaniol, Parman’s Sr. VP of Sales, says “Star Petroleum has a great reputation for service and customer loyalty. We’re excited about the opportunities this union will bring and are proud to have Star become a part of the Parman Energy family.” This partnership will bring new products to Star Petroleum’s customers, and will also bring some of Citgo’s most esteemed brands to the Parman family, such as Mystik and Clarion.

“We are excited to be increasing our service footprint into Eastern Arkansas” says Steve Moore, Parman’s President & CEO, “and look forward to expanding Star’s resources and technical expertise with a focus on Totally Outrageous Customer Service.”

About Parman Energy Corporation
Parman Energy Corporation is an employee owned company that delivers quality lubricant products, diesel exhaust fluid, motor fuels, petroleum equipment, metalworking fluids, coolants, and related products and services. Since the mid-1930’s, the Parman name has been a name synonymous with petroleum products in Tennessee and has since continued to expand their diverse petroleum product offerings throughout the Southeastern U.S. For additional information, please visit the company website at www.parmanenergy.com.

Pugh-Apollo Acquires Veteran’s Oil

Pugh Apollo logoPugh Lubricants and Apollo Oil (“Pugh-Apollo”) announced the acquisition of Veteran’s Oil, headquartered in Birmingham, AL. Veteran’s Oil is a leading regional distributor of fuels, lubricants, diesel exhaust fluid (DEF), and related products and services for the automotive, commercial, and industrial markets. Veteran’s Oil covers the Alabama and Georgia markets from distribution centers in Birmingham, Montgomery and Atlanta. This geography borders the existing company footprint that includes North Carolina, South Carolina, Virginia, Tennessee, Kentucky, Ohio, and West Virginia.

VeteransLogoPugh-Apollo President Mike Pugh said, “The addition of Veteran’s Oil is a great fit for our organization and will strengthen our ability to serve customers throughout the Southeast. We are excited to expand further into Alabama and Georgia with a great new partner who shares our commitment to delivering quality products and providing great service.” Jason Musgrove, General Manager, Veteran’s Oil said, “This is a great opportunity to bring Veteran’s top quality workforce and exceptional customer service into an organization with similar values.”

Key strategic benefits of the acquisition include:

  • Augmented product offerings and deeper market footprint. The larger distribution reach offers suppliers unmatched access to customers in the expanded operating region and provides a greater selection of products and services for customers.
  • Enhanced service for customers. The combination of the companies’ resources allows for accelerated investment in technology and personnel, reinforcing the company’s leading position in service to its customers.
  • Investment in employees. The larger and growing organization allows for enhanced training, technology, and career advancement opportunities for employees, making the firm a preferred employer in the markets served.
  • Plans to pursue further expansion. The company plans to pursue organic and inorganic growth opportunities while continually investing in its value proposition to customers and suppliers.

The transaction was effective as of September 26, 2017.

About Pugh Lubricants and Apollo Oil (“Pugh-Apollo”)
Pugh-Apollo is a distributor of nationally branded and private label finished lubricants, antifreeze, and other ancillary product lines throughout the Carolinas, Virginia, Tennessee, Kentucky, Ohio, West Virginia and portions of Georgia, Alabama, Illinois, Indiana, Mississippi, and Arkansas. For additional information, www.PughLubricants.com and www.ApolloOil.com.

About Veteran’s Oil
Veteran’s Oil is a distributor of nationally branded and private label fuels, finished lubricants, antifreeze, and other ancillary product lines throughout Alabama and Georgia. For additional information, please visit www.veteransoilinc.com.

PQIA Finds “Two More Bad Apples”

The Petroleum Quality Institute of America (PQIA) put two more products on its “DON’T BUY” list.

In the day following the PQIA Lubricant Quality Summit on September 14th, PQIA said it stopped by several convenience stores located within a few blocks of the hotel where the Summit reception was held. To its disappointment, PQIA reported that it found two products on the shelves that immediately raised concern due to labeling issues. The PQIA says that in addition to what’s on the labels being a concern, most concerning is what the found in the bottles when tested. CLICK FOR MORE

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Berkshire Invests in Pilot Flying J, Lubrizol Surcharge, New Valvoline Bottle, PQIA Summit Success

Berkshire Hathaway Invests in Pilot Flying J

shutterstock_443081914Berkshire Hathaway Inc. and Pilot Flying J jointly announced that Berkshire has made a significant minority investment in Pilot Travel Centers LLC, d/b/a Pilot Flying J. The Haslam family will continue to own a majority of Pilot Flying J and Jimmy Haslam will remain as chief executive officer. Pilot Flying J President Ken Parent and the Company’s management team will also remain in place. The Company will continue to be headquartered in Knoxville, TN.

Pilot Flying J is the largest operator of travel centers in North America, with more than 27,000 team members, 750 locations across the U.S. and Canada, and more than $20 billion in revenues. The investment will expand Pilot Flying J’s opportunities for growth, as the Company remains committed to delivering outstanding service for the trucking industry, professional drivers, local communities and interstate travelers across North America.

Under the terms of the agreement, Berkshire will acquire a 38.6 percent equity stake in Pilot Flying J. The Haslam family will continue to hold a majority interest with 50.1 percent ownership in the Company and FJ Management, Inc., owned by the Maggelet family, will retain 11.3 percent ownership until 2023. In 2023, Berkshire will become the majority shareholder by acquiring an additional 41.4 percent equity stake and the Haslam family will retain 20 percent ownership in the Company and remain involved with Pilot Flying J.

“Pilot Flying J is built on a longstanding tradition of excellence and an unrivaled commitment to serving North America’s drivers,” said Warren Buffett, chairman, president and CEO of Berkshire Hathaway. “Jimmy Haslam and his team have created an industry leader and a key enabler of the nation’s economy. The Company has a smart growth strategy in place and we look forward to a partnership that supports the trucking industry for years to come.”

“Given the impeccable reputation of Warren Buffett’s Berkshire Hathaway, and our shared vision and values, we decided this was an ideal opportunity,” said Jimmy Haslam, CEO of Pilot Flying J. “As a family business that has evolved and prospered over the last six decades, we knew that any potential partner would need to share our commitment and have a proven track record as a long-term investor. We have that in Berkshire Hathaway – they believe in our strategy, support our team and are excited to see Pilot Flying J grow. We are honored and humbled to partner with them.”

James Haslam II, founder and chairman, Pilot Travel Centers LLC said, “Berkshire Hathaway’s investment in Pilot Flying J is a testament to our exceptional team members and their dedication that has made Pilot Flying J the great company it is today. Berkshire Hathaway’s commitment to keep Pilot Flying J in Knoxville was most important to us. The Knoxville community is an integral part of our company and our family. We are committed to continuing to make a difference in Tennessee, supporting and giving back to our communities here at home.”

The investment by Berkshire Hathaway reflects the success of a series of transformational milestones that have allowed the Company to evolve and strengthen its capabilities and market position over the last several decades. These milestones include the merger of Pilot with Flying J to create today’s company, as well as transactions with Marathon Ashland Petroleum, Williams, Speedway, Mr. Fuel and Speedway-Wilco that have grown the Company’s network.

BDT Company, LLC advised the Company and, as part of the transaction, BDT Capital Partners, LLC exited its minority equity investment in Pilot Flying J.

About Pilot Flying J
Pilot Flying J, the largest operator of travel centers in North America, is committed to connecting people and places with comfort, care and a smile at every stop. Headquartered in Knoxville, Tennessee, Pilot Flying J has more than 750 retail locations in 44 states, more than 100 roadside assistance trucks and growing as part of its Truck Care Program, 44 Goodyear Commercial Tire and Service Centers, and 35 Boss Shops. The Pilot Flying J network provides drivers with access to more than 70,000 parking spaces for trucks, 4,900 showers and more than 5,000 diesel lanes offering Diesel Exhaust Fluid (DEF) at the pump. Pilot Flying J is currently ranked No. 15 on Forbes’ list of America’s Largest Private Companies. Visit www.pilotflyingj.com for more information. Follow @pilotflyingj on Twitter and @pilottravelcenters on Facebook.

About Berkshire Hathaway
Berkshire Hathaway and its subsidiaries engage in diverse business activities including property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing and services. Common stock of the company is listed on the New York Stock Exchange, trading symbols BRK.A and BRK.B.

Source: Pilot Flying J

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Lubrizol Announced a Temporary Surcharge

Lubrizol advised its customers on September 27, 2017 that starting October 6th through December 31, 2017, there will be a surcharge of $10/100Kg, or $0.36/Gallon, or $0.05/lb on all Lubrizol additives excluding liquid and solid Viscosity Improvers shipped from the United States, Brazil, Canada, Korea, Mexico, and Singapore.

According to what blenders have been told, the temporary surcharge is a result of the events surrounding Hurricane Harvey and the impact on the infrastructure of the petrochemical industry. Importantly, these include interruption in the supply of chemical intermediates used in the manufacturing of additives.

Valvoline Unveils Cutting-Edge Innovation with Launch of Easy Pour Packaging

PastedGraphic-4Valvoline Inc. announced the retail launch of its newest innovation, the Easy Pour Bottle.

Valvoline worked alongside consumers to develop the game-changing design. The brand’s patent-pending Easy Pour Bottle will make changing oil easier while offering a simplified shopping solution for the automotive Do-It-Yourself (DIY) audience. “Valvoline’s goal for 151 years has been to use our expertise for the benefit of our customers. Each part of Valvoline’s Easy Pour Bottle has been engineered with our DIY consumers in mind – reimagined, redesigned, tested and proven to make changing oil easier, faster and cleaner,” said Heidi Matheys, Valvoline chief marketing officer. “Our technical team integrated an abundance of consumer field research and feedback, which ultimately resulted in this one unique design.” Highlights of Valvoline’s new Easy Pour Bottle include:

  • Easy Pull Tab™ – Makes opening the bottle clean and simple.
  • Precision Pour Spout™ – Provides accurate pour and clean cut off for a mess-free experience.
  • Anti-Glug Tube™ – Provides a glug-free pour for a faster, cleaner and easier oil change.
  • Resealable Overcap with No-Slip Grip™ – Helps prevent spillage and provides safe storage.
  • Centralized Handle – Makes for a more confident pick up, transport and pour.

EASY POUR PRESS RELEASE IMAGEThe brand is so confident in their newest innovation that they have issued a Satisfaction Guarantee at retailers nationwide, offering a 100-percent money-back promise to encourage DIYers to experience the bottle – and its advantages – for themselves. Valvoline has partnered with seven-time NASCAR Champion Jimmie Johnson to promote a series of entertaining videos showcasing the ease of use and cleanliness of the new packaging. Videos are now available for viewing at EasyPour.com. Additional motorsports athletes will participate in the series later this year.

“Our Easy Pour Bottle is one of the biggest packaging innovations in the history of Valvoline and was developed with integral feedback from DIYers and auto experts alike,” said Michelle Allen, director of marketing for Valvoline. “As we look to the future, we will continue to innovate in every area – from design to products and services – to meet the needs of our customers.”

About Valvoline™
Valvoline Inc. is a leading worldwide producer and distributor of premium branded automotive, commercial and industrial lubricants, and automotive chemicals. Valvoline ranks as the #2 quick-lube chain by number of stores and #3 passenger car motor oil brand in the DIY market by volume in the United States. The brand operates and franchises more than 1,070 Valvoline Instant Oil ChangeSM centers in the United States. It also markets Valvoline lubricants and automotive chemicals; MaxLife™ lubricants created for higher-mileage engines, SynPower™ synthetic motor oil; and Zerex™ antifreeze. Visit valvoline.com to learn more.

Lubrizol Opens New Drumming Facility and Warehouse at Painesville Township Plant

LubrizolThe Lubrizol Corporation announced the opening of a state-of-the art drumming facility and warehouse at its Painesville Township manufacturing facility, both of which are part of the company’s previously announced phased investment at the site. The total $70 million investment better positions the company to meet the changing demands of customers and ensures the integrity and quality of its products while reinforcing personal and environmental safety.

Construction on the 180,000 square feet combined buildings began in April 2015. With a focus on enhancing safety and business processes, the new buildings will be instrumental in reducing risk and achieving the company’s business objectives of improving effectiveness, efficiency and consistency.

“Historically, the Painesville Township site has been of great importance to our business, operating for more than 60 of the company’s nearly 90 years,” said Tom Curtis, incoming president of Lubrizol Additives. “This latest investment reinforces our commitment to the community by further ensuring the site as a key source in Lubrizol Additives’ global supply chain.”

With more than half of all Lubrizol Additives products worldwide containing at least one component manufactured at the Painesville Township site, adding new manufacturing capacity and updated automated packaging capabilities was a necessity. Furthermore, these efforts are important to ensure product integrity and to improve the overall safety and efficiency of handling product drums and totes.

LubrizolImgPlant

From left to right: Joshua Pennock (Painesville Township Trustee), Mike Manary (Painesville Township Administrator), John Hamercheck (Lake County Commissioner), Jerry Cirino (Lake County Commissioner), Dan Troy (Lake County Commissioner), Eric Schnur (Lubrizol), Craig Hupp (Lubrizol), Mark Rantala (Lake County Port Authority), Tom Curtis (Lubrizol), Matt Joyce (Lubrizol) and Mike Vaughn (Lubrizol)

“With our new drum filling facility, we will be able to improve safety by minimizing the manual packaging of drums, reducing packaging time for a single batch by more than 50% and minimizing the number of times a drum is handled by more than 70%,” commented Craig Hupp, Lubrizol Painesville Township plant manager. “And, with 100% indoor storage provided by our new warehouse, we will improve the quality and appearance of packaged products delivered to our customers. All of these improvements will be a tremendous value to our overall organization.”

To commemorate the opening, earlier today Lake County Commissioners presented Lubrizol with a certificate of recognition followed by a formal ribbon cutting ceremony at the facility. In attendance were several of the Lake County Commissioners and Painesville Township Trustees, as well as representatives from Lake County Port Authority. Representatives from Lubrizol included Eric Schnur, chairman, president and chief executive officer; Tom Curtis, incoming president of Lubrizol Additives; Mark Sutherland, Lubrizol corporate vice president of global communications and public affairs; Mike Vaughn, Lubrizol corporate vice president, operations; Matt Joyce, vice president of Lubrizol Additives sales and marketing; and Craig Hupp, Lubrizol Painesville Township plant manager.

About The Lubrizol Corporation
The Lubrizol Corporation, a Berkshire Hathaway company, is a market-driven global company that combines complex, specialty chemicals to optimize the quality, performance and value of customers’ products while reducing their environmental impact. It is a leader at combining market insights with chemistry and application capabilities to deliver valuable solutions to customers in the global transportation, industrial and consumer markets. Lubrizol improves lives by acting as an essential partner in our customers’ success, delivering efficiency, reliability or wellness to their end users. Technologies include lubricant additives for engine oils, driveline and other transportation-related fluids, industrial lubricants, as well as additives for gasoline and diesel fuel. In addition, Lubrizol makes ingredients and additives for home care, personal care and skin care products and specialty materials encompassing polymer and coatings technologies, along with polymer-based pharmaceutical and medical device solutions.

With headquarters in Wickliffe, Ohio, Lubrizol owns and operates manufacturing facilities in 17 countries, as well as sales and technical offices around the world. Founded in 1928, Lubrizol has approximately 8,300 employees worldwide. Revenues for 2016 were $6.5 billion. For more information, visit Lubrizol.com.

Source: Lubrizol

The First PQIA Regional Lubricant Quality Summit was a Success!

With nearly 100 in attendance, the first regional PQIA Lubricant Quality Summit on September 14th, in Wickliffe, Ohio, was deemed a success by attendees, speakers, supporters, and sponsors.

Attendees2The theme of the PQIA Summit was “Taking it to the Streets” and by all indications, it hit its mark by raising awareness about the quality and integrity of lubricants in the market and shining a light on both good and bad motor oils, transmission fluids and other lubricants.

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From left to right: Douglas Rathbun, Robert DeRubeis, Ronald Hayes, and John Stegierwald

Adding to that, the summit included informative presentation from weights and measures from the states of Missouri, Illinois, and Michigan about their programs to protect consumers from off-spec/mislabeled motor oils, automatic transmission fluids, and antifreeze/coolant. Further, Ron Hayes, Director, Missouri Department of Agriculture, Division of Weights, Measures and Consumer Protection, spoke to what the state of Missouri is doing to address concerns about the proliferation and dangers of obsolete tractor hydraulic fluid (THF) in the market. In addition, the Summit included informative presentations from industry thought leaders about the new CK-4 and FA-4 diesel engine oil specifications, developments in PCMO to address pre-ignition in T/GDI engines, and the growing complexity of ATFs.

Click HERE for more.

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