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Monday, April 10, 2017VOLUME 13 ISSUE 15
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Quaker Chemical to Acquire Houghton International

Quaker Chemical and Houghton International last Wednesday announced that they have executed a definitive agreement to combine the companies in a deal valued at more than $1.4 billion in cash, stock and debt. Though it is being acquired, Houghton is slightly larger, with $767 million in yearly sales versus $747 million for Quaker.


Detroit Diesel Switching Its Factory-Fill Engine Oil to API FA-4

Detroit Diesel Corporation (DDC) announced it is switching its factory-fill engine oil from API CJ-4 to a low viscosity FA-4. As of early January 2017, Detroit has started using FA-4 engine oil for factory-fill on the Detroit™ DD13®, DD15® and DD16® heavy-duty line of engines.


ExxonMobil, Chevron, Phillips 66 Announce Finished Lube Price Increases

ExxonMobil, Chevron and Phillips 66 have announced they will increase the prices of their lubricants and greases, the former by up to 4%, and the latter two both by 4 to 6%. They join Castrol and several independents who announced prices increases during the past couple weeks.


Komatsu Completes Its Acquisition of Joy Global; Renames It Komatsu Mining Corp.

Komatsu America Corp., a subsidiary of Komatsu Ltd., announced last Wednesday it has completed its acquisition of Joy Global Inc. Retaining its headquarters in Milwaukee, WI, Joy Global Inc. will be renamed Komatsu Mining Corp. and operate as a subsidiary of Komatsu.


PETRONAS to Invest $150 million in India Lube Blending Plant

Petronas Lubricants International, manufacturing and marketing arm of PETRONAS, the Malaysian national oil corporation, will invest $150 million, or about Rs.975 crore, to set up a lubricant blending plant with 110 million litres capacity in Patalganga, on the outskirts of Mumbai.


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