The Great Lakes division of Maxum Petroleum, comprised of Hartney Fuel Oil Company and Paulson Oil Company) announced last week that its transport and railroad fuel businesses have been acquired by Mansfield Oil Company and its lubricants and tank wagon fuel businesses have been acquired by RelaDyne, headquartered in Cincinnati, Ohio,.
Mansfield provides comprehensive fuel service supply, distribution, delivery and dispensing solutions through an integrated network of refiners, terminals, carriers and retailers throughout the continental United States and Canada. RelaDyne is one of the largest providers of lubrication products, fuel and services focused on integrated equipment reliability for industrial, commercial and automotive business in the United States.
"We are excited to join the extensive and successful networks of Mansfield and RelaDyne," said Paul McCusker, Vice President and General Manager of Maxum Petroleum Great Lakes. "These acquisitions will allow us to better serve our customers through a larger product offering and higher levels of service."
The lubricants and tank wagon fuel businesses from Maxum will expand RelaDyne's current product offering in its existing Great Lakes region to include fuel and a completely new line of products and services to offer its customer base. Among these synergies and growth opportunities, the Maxum acquisition provides RelaDyne with an opportunity to expand its Field Reliability Management (FRM) services in the commercial and industrial markets of the Great Lakes and Midwest regions.
"The location of Maxum's Paulson Oil Company in Chesterton, Indiana, gives us a natural expansion to offer new products and services to the Chicago marketplace," stated Larry Stoddard, CEO of RelaDyne. "All of Paulson's employees will continue to provide the highest level of customer service, sales support and reliable supply that the customers have come to expect. We couldn't be more pleased to add Maxum/Paulson to the RelaDyne family of businesses."
Maxum's transport and railroad fuel businesses fit equally well into Mansfield's current fuel supply chain. "Our Great Lakes operation has been growing rapidly for the past five years and this was a great opportunity to accelerate that growth while adding local transportation and fuel blending assets that will expand our service capabilities," said Jim Stout, Great Lakes Region General Manager.
"We are excited about partnering with RelaDyne and Paul's team in Chesterton to grow the local fueling services operation by providing supply and delivery solutions to our national accounts. We believe this is a model that we can replicate in many markets nationally," said Doug Haugh, President of Mansfield Oil Company.
Mid-Town Petroleum, Inc. (Bridgeview, IL), Oil Distributing Company (Cincinnati, OH), The Hurt Company, Inc. (Houston, TX) and Pumpelly Oil Company LLC (Sulphur, LA) joined to form RelaDyne on Nov. 8, 2010.