Vesco Acquires Acculube

On the Wire and In the News

Vesco Oil Corporation Acquires Acculube, Leading Distributor of Lubricant and Metalworking Products in Dayton, Ohio

Vesco Oil Corporation, one of the largest distributors of branded automotive and industrial lubricants in the United States and a leading provider of environmental services, including used oil and antifreeze collection, today announced the acquisition of Accurate Lubricants & Metalworking Fluids Inc, aka Acculube.

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Lilly Epstein Stotland
Vesco Oil Corporation President and co-owner

Vesco Oil, a third-generation family-owned business founded in 1947, services the Michigan, Ohio, Pennsylvania and Indiana markets. For Vesco Oil the acquisition will enlarge its geographic footprint and expand its product and service offerings in Ohio. Founded in 1990 and based in Dayton, Ohio, Acculube is a leading distributor of industrial and metalworking fluids. It is a privately held distributor of Mobil industrial and commercial vehicle lubricants, and a distributor of industrial chemicals and metalworking fluids for Castrol and Houghton. Vesco Oil Corporation President and co-owner Lilly Epstein Stotland made the acquisition announcement. “Acculube has a wonderful history and reputation in the industry, and we have the utmost respect for its leadership and expertise. Vesco Oil has sought strategic growth, and Acculube fits perfectly into our growth plans,” said Epstein Stotland. “Our companies share similar values and a customer-centric mindset. We welcome Acculube to our Vesco Oil family.”

“For 28 years, our leadership team and dedicated employees have built a great company,” said Acculube CEO Marilyn Kinne. “I am so pleased we will now join Vesco Oil, a company I have held in high regard for many years.” Acculube President Chris Fisk will continue as the Dayton division manager for Vesco Oil. “We take great pride in serving our customers. Our relationship with Vesco Oil will only help them to grow and prosper,” said Fisk. In the last eight years, Vesco Oil has expanded its business with existing suppliers including five locations in Cleveland, Columbus, Dayton, and Wauseon, Ohio, and Pittsburgh, Pennsylvania.

Vesco Oil is one of the largest distributors of Mobil branded lubricants. Other key supplier relationships include Valvoline-VPS, Castrol Metalworking, Perkins, Motorcraft, MOC Products, Fortech, and Niteo.

About Vesco Oil Corporation:
Vesco Oil Corporation is an ISO 9001 – 14001 certified and environmentally conscientious distributor, providing automotive and industrial customers with a full range of high quality lubricants and supporting services. Founded in 1947 by Eugene Epstein, Vesco Oil Corporation is one of the largest distributors of branded automotive and industrial lubricants in the United States and is a leading collector of used oil and antifreeze. The company also is a full service provider of automotive appearance products, sells a full line of metalworking fluids and is a leading provider of bulk windshield washer solvent and antifreeze. Vesco Oil Corporation is a majority women- owned business, receiving Certification from the Women’s Business Enterprise National Council. For more information, visit www.vescooil.com.

FTC Completes Review of Recycled Oil Rule

The Federal Trade Commission (FTC) today announced it has completed its regulatory review of the Recycled Oil Rule (formally, the “Test Procedures and Labeling Standards for Recycled Oil”).

“As part of its systematic review of all current FTC rules and guides, in 2017 the Commission sought public comment on the costs, benefits, and regulatory and economic impact of its rule. After reviewing the comments received, the agency has amended the rule to update the reference to API Publication 1509.”

The FTC updates the Rule’s reference to American Petroleum Institute Publication 1509 to reflect the most recent version of that document. Otherwise, the Commission retains the Rule in its current form.

Click for public comment analysis and amendment: 16 CFR Part 311: Test Procedures and Labeling Standards for Recycled Oil; Incorporation by Reference of Updated Publication

Class-Action Lawsuits Filed Against Tractor Supply Company, Smitty’s Supply, Orscheln, CITGO, and Old World Industries for Sales of “303” Tractor Hydraulic Fluid Products

As reported in JobbersWorld on July 16, 2018

Three class-action lawsuits have been filed in Cass County, Missouri claiming that the defendants (Tractor Supply Company, Smitty’s Supply, Orscheln, CITGO, and Old World Industries) conduct has harmed consumers by inducing them to purchase and use “303” tractor hydraulic fluid (THF) products, on the false promise that the 303 THF products meet certain specifications and by directly or implicitly representing that the products are safe for use in farm, construction and logging equipment and have certain characteristics and qualities that protect equipment from wear and damage when, in reality, the products do not meet any specifications and cause harm, increased wear and damage to consumers’ equipment.

Each of the defendants answered the complaints and denied any knowledge that representations of the products were false, and denied that they are liable to the plaintiffs in any amount.

Links to the Class Action filings:

ORSCHELN FARM AND HOME AND CITGO
OLD WORLD INDUSTRIES
TRACTOR SUPPLY COMPANY AND SMITTY’S SUPPLY

New Leadership Announced

Chevron Phillips Chemical Announces President and CEO Leadership Succession

cpchem_logoChevron Phillips Chemical Company LLC (Chevron Phillips Chemical) announced today that Peter Cella, president and chief executive officer (CEO), intends to retire from the company, effective August 1, 2017. Additionally, the company announced that Mark Lashier, currently executive vice president, Commercial, will succeed Mr. Cella as president and CEO upon Mr. Cella’s retirement. 

“Pete Cella’s strategic vision, his commitment to leadership development, and his relentless pursuit of operating the company’s global facilities safely and profitably will remain hallmarks of his distinguished career at Chevron Phillips Chemical,” said Timothy G. Taylor, president, Phillips 66 and member of the Chevron Phillips Chemical Board of Directors. “In addition, Pete was a guiding influence in advancing the company’s transformational $6 billion U.S. Gulf Coast Petrochemicals Project. On behalf of the Board of Directors and the company, we thank Pete for his contributions to reinforce Chevron Phillips Chemical’s footing as a world-leader in the industry.”

“It has been my honor and privilege to serve as the president and CEO of Chevron Phillips Chemical for more than six years,” said Cella. “I’m incredibly proud of what we have accomplished together, particularly the success in building our world-scale petrochemicals project, elevating our already industry-leading operational excellence performance, and advancing our organizational capabilities agenda. I look forward to the many achievements this company and our employees will make under Mark Lashier’s leadership.”

Mr. Lashier has nearly 30 years of experience in the chemicals industry, beginning his career as an engineer with the Phillips Petroleum Company, now Phillips 66 (NYSE: PSX), at its Bartlesville, Oklahoma, facility. By 1997 he had assumed management responsibility for Phillips Petroleum’s Olefins business. In 2000, he joined Chevron Phillips Chemical as Chevron (NYSE: CVX) and Phillips Petroleum combined their chemical businesses to create Chevron Phillips Chemical. Since that time, he has held numerous positions of increasing responsibility, including the Asia Region manager, senior vice president, Specialties, Aromatics, & Styrenics, and executive vice president, Olefins and Polyolefins. Mr. Lashier holds a bachelor’s degree and doctorate in chemical engineering from Iowa State University.

“Mark brings a wealth of institutional knowledge and the strategic vision that will only further elevate Chevron Phillips Chemical’s trajectory in the years ahead,” said Michael E. (“Mike”) Coyle, president, Manufacturing, Chevron and member of the Chevron Phillips Chemical Board of Directors. “We are extremely fortunate to have such a talented, effective, and passionate leader at the helm of the organization and I look forward to all that Mark and his team will accomplish together.”

CLICK FOR ADDITIONAL EXECUTIVE MANAGEMENT MOVES AT CHEVRON PHILLIPS

Lilly Epstein Stotland Named President of Vesco Oil Corporation

LillyEpsteinStotland

Lilly Epstein Stotland
President, Vesco Oil Corporation

Lilly Epstein Stotland has been named President of Vesco Oil Corporation. Vesco Oil Corporation is one of the largest distributors of branded automotive and industrial lubricants in the United States and a leading recycler of used oil and antifreeze. Stotland joined the company in 2004, and previously served as General Manager. She is a co-owner and also serves on the company’s Board of Directors.

“It is an honor to take on this new role at Vesco Oil. I look forward to working closely with our leadership team to execute our strategic growth objectives,” said Stotland. “I move forward with a deep appreciation and respect for our capable employees, customers, and our suppliers, and hold closely the values that are the foundation of our business.”

Lilly Epstein Stotland has managed strategic acquisitions, and geographic expansion of the company. She also serves as President of Visible Solutions Midwest, LLC, an affiliated company that licenses patented washer solvent products. Prior to joining Vesco Oil in 2004, she was a Financial Analyst at Goldman Sachs in New York.

“Lilly has brought fine leadership to the Company and has remained true to the core values that have propelled our growth and success since the company’s founding in 1947,” said Vesco Oil CEO Donald Epstein.

Vesco Oil Chairman of the Board, Marjory Winkelman Epstein, said, “This is an important day for Vesco Oil. As we proudly celebrate our 70th anniversary, it brings us great pleasure to announce the appointment of Lilly Epstein Stotland as President. Lilly has demonstrated sustained outstanding leadership capabilities, and is well-equipped to guide the company forward as it faces the challenges that lie ahead in the industry.”

Stotland earned a bachelor’s degree in economics cum laude from Harvard University, and was a recipient of John Harvard and Harvard College Scholarships for highest academic distinction. She also holds a master’s degree in business administration with distinction from the University of Michigan Ross School of Business.

In the last six years, Vesco Oil has expanded its business with existing suppliers and has five new locations in Cleveland, Columbus, Wauseon, and Dayton, Ohio, and Pittsburgh, Pennsylvania. Vesco Oil is one of the largest distributors of ExxonMobil and Valvoline branded lubricants. Other key supplier relationships include Castrol, Perkins Products, Inc., CAM2, Motorcraft, MOC Products, and Fortech Products.

About Vesco Oil Corporation:
VescoVesco Oil Corporation is an ISO 9001 – 14001 certified and environmentally conscientious distributor, providing automotive and industrial customers with a full range of high quality lubricants and supporting services. Founded in 1947 by Eugene Epstein, Vesco Oil Corporation is one of the largest distributors of branded automotive and industrial lubricants in the United States and is a leading recycler of used oil and antifreeze. The company also is a full service provider of automotive appearance products, operates a full line of metalworking fluids and a leading provider of bulk windshield washer solvent and antifreeze. Vesco Oil Corporation is a majority women-owned business, receiving Certification from the Women’s Business Enterprise National Council. For more information, please call 800-527-5358 or visit www.vescooil.com.

U.S. Lubricants Announces Changes to Senior Leadership

U.S. Lubricants, a Division of U.S. Venture, Inc., Announces Changes to its Senior Leadership Team to Drive Continued Growth.

BillRenzBill Renz has been appointed to President – U.S. Lubricants. Previously, Renz was general manager for U.S. Gain, a division of U.S. Venture, Inc. that focuses on compressed natural gas (CNG). With extensive experience in management, operations and engineering, Renz led the expansion of U.S. Gain, which has become a national leader in the CNG industry. He formed partnerships with fleet owners across the country to provide them with a cleaner, more affordable, more effective way of operating their business.

“Bill’s enthusiasm and leadership skills make him the perfect fit for this position,” says John Schmidt, CEO/president of US. Venture. “Bill really connects with both our customers and his team members, and I’m confident his talents will take U.S. Lubricants to new heights.” 

Renz is a Wisconsin native and University of Wisconsin-Madison graduate with a bachelor’s degree in industrial engineering and a master’s degree in manufacturing systems engineering with a specialization in management.


StephenieWixStephenie Wix has been promoted to Vice President of Sales – U.S. Lubricants. In her new role, she will oversee all aspects of sales in North America for U.S. Lubricants and work to cultivate synergies between all divisions of U.S. Venture.

Wix has 10 years in lubricants and diesel exhaust fluids sales in the trucking and construction industries. Previously, she was division director of sales for U.S. Gain and drove the growth of the CNG business. Before joining U.S. Gain in February 2013, Wix was a territory manager for Mid-Town Petroleum/Reladyne in Chicago.


BenHimleBen Himle has been hired as Regional General Manager – U.S. Lubricants to oversee our bulk plants in Kimberly, WI; Bloomington, MN; Sioux Falls, SD; and Omaha, NE. In this role, he will have full P&L responsibility for these businesses.

Himle brings a strong background to U.S. Lubricants, having held GM and sales leadership roles across multiple businesses. He most recently led business development for Valvoline across our footprint in the Midwest, which will bring expertise in driving significant top-line growth in this area.


JeffMuellenbachJeff Muellenbach has been promoted to Regional General Manager – U.S. Lubricants to oversee our bulk plant in Valparaiso, IN. In this role, he will have full P&L responsibility for this business.

Muellenbach has been with U.S. Lubricants for more than seven years. Previously, he was regional operations manager, and was in charge of bulk plant operations throughout our footprint. Before that, he was a sales engineer and led technical strategy with our industrial sales team. Before joining U.S. Lubricants, he led the Chemical Management Program at BP Castrol-Mercury Marine for over 10 years. Muellenbach is a University of Wisconsin-Stout graduate with a bachelor’s degree in engineering and a master’s degree in business administration.


MattMohelnitzkyMatt Mohelnitzky has been promoted to Director, Product Management & Pricing – U.S. Lubricants. In this role, he will oversee product management, vendor relations, purchasing and pricing to optimize product expertise, and lubricant customer/supplier interfacing for the division.

Mohelnitzky has held the role of product marketing manager for U.S. Lubricants the past three years, leading the marketing and brand management teams, along with being an integral part of developing pricing & product placement strategies for the division. Prior to working at U.S. Lubricants, he gained extensive product management experience leading new product development, supplier/vendor relations and executing pricing strategies. Mohelnitzky is a University of Wisconsin-Oshkosh graduate with a bachelor’s degree in marketing and finance and a master’s degree in business administration.

“With the new leadership team and all of the talented people we have around the nation, U.S. Lubricants is even better positioned to deliver valuable solutions to our customers,” says Bill Renz, president of U.S. Lubricants. “I am confident each member of my team will produce results and propel U.S. Lubricants to a new level.”

About U.S. Lubricants
U.S. Lubricants is a leading lubrication solutions provider offering a wide range of lubricants, lubrication services, and reliability programs for industrial, commercial, and automotive businesses.  For more information, visit www.uslube.com.

 About U.S. Venture, Inc.
For more than 65 years, U.S. Venture, Inc. has been recognized as an innovative leader in the distribution of petroleum and renewable energy products, lubricants, and tires and parts for the automotive aftermarket.  Guided by its company vision, “To be the very best value-adding distributor of products that vehicles consume in North America,” they deliver unconventional, creative solutions that give their customers a competitive edge.  Headquartered in Appleton, Wisconsin, the company’s business divisions are U.S. Oil, U.S. AutoForce, U.S. Lubricants and U.S. Gain.  For more information, visit www.usventure.com.

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