Brenntag acquires US lubricants distributor

Brenntag has agreed to acquire Lubrication Services (Oklahoma City) for $42 million. The company serves the oil and gas sector through a network of facilities in six states that cover many of the US shale gas plays. The deal is expected to close over the next few weeks, Brenntag says. Lubrication Services generated sales of $135 million, gross profit of $16 million, and Ebitda of $7.5 million in 2012, Brenntag says. “Lubrication Services' market position, expertise, and infrastructure will allow us to further increase our participation in the...

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