Brenntag, a global market leader in chemical distribution, has signed an agreement to acquire the lubricants business of NOCO Inc., headquartered in Tonawanda, New York, USA. The acquisition does not impact NOCO's energy distribution or retail businesses.

Markus Klähn, Member of the Management Board of Brenntag Group and CEO Brenntag North America: “NOCO’s lubricants business ideally complements our lubricants business in New England, which we established last year with the acquisition of G.H. Berlin-Windward. We will be able to leverage existing infrastructure, add additional talent and solidify our leading market position.”

As one of the largest Mobil distributors in North America, NOCO has the capacity to store over one-million gallons of lubricant inventory and delivers over 12 million gallons per year from its 9 warehouses. In addition to ExxonMobil lubricants, NOCO also distributes lubricants from Petro Canada, Houghton, JAX, and Lubriplate, as well as its own NOCO brand to the Northeast region of the U.S. and parts of Ontario and Southern Quebec.

Anthony Gerace, Managing Director Mergers & Acquisitions at Brenntag Group: “NOCO’s geographic coverage makes this a perfect fit and a natural extension of our existing lubricants business in the Northeast region of the US. Furthermore, we are pleased to enter the Canadian lubricants market by acquiring an established distribution network operating in a major industrial region within the country.”

The business is expected to generate total sales of approximately USD 209 million in the financial year 2016. Closing of the transaction is expected to occur in the course of the next weeks, subject to contractually agreed closing conditions.

Last month, Brenntag announced that it has strengthened its lubricants business in North America by agreeing to acquire Mayes County Petroleum Products, Inc., a regional integrated lubricant and fuel distributor headquartered in Pryor, Oklahoma.