M&A Deal Summary

Aramco Acquires Valvoline - Global Products Business

On August 1, 2022, Aramco acquired chemicals company Valvoline - Global Products Business from Valvoline for 2.7B USD

Acquisition Highlights
  • This is Aramco’s 1st transaction in the Chemicals sector.
  • This is Aramco’s largest (disclosed) transaction.
  • This is Aramco’s 1st transaction in the United States.
  • This is Aramco’s 1st transaction in Kentucky.

M&A Deal Summary
Date 2022-08-01
Target Valvoline - Global Products Business
Sector Chemicals
Buyer(s) Aramco
Sellers(s) Valvoline
Deal Type Divestiture
Deal Value 2.7B USD

Target

Valvoline - Global Products Business

Lexington, Kentucky, United States
Valvoline's Global Products Business includes retail services and global products businesses.

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Buyer(S) 1

Buyer

Aramco

Dhahran, Saudi Arabia
Category Company
Sector Oil/Gas Exploration
Employees54,041
Revenue 400.0B USD (2012)
DESCRIPTION
Aramco office in downtown Houston, Texas.
Aramco office in downtown Houston, Texas.

Saudi Aramco is a Saudi Arabian national oil and natural gas company based in Dhahran, Saudi Arabia.

DEAL STATS #
Overall 3 of 5
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
State (Kentucky) 1 of 1
Country (United States) 1 of 2
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-09 Aramco Oil Pipelines

Dhahran, Saudi Arabia

Aramco Oil Pipelines is a pipeline company that provides tariff payments for oil transported through Aramco’s stabilized crude oil pipeline network. Aramco Oil Pipelines is based in Dhahran, Saudi Arabia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-27 Rongsheng

Hangzhou City, China

Rongsheng is principally engaged in the research, development, manufacturing, and distribution of refining products, petrochemicals, and chemical fibers. The company has an annual production capability of 2 million tons of aromatic hydrocarbon, over 13 million tons of pure terephthalic acid (PTA), 2 million tons of PET, 1 million tons of POY and FDY, 0.45 million tons of DTY. Rongsheng was founded in 1995 and is based in Hangzhou, China.

Buy -

Seller(S) 1

SELLER

Valvoline

Lexington, Kentucky, United States
Category Company
Founded 1866
Sector Chemicals
Employees9,600
Revenue 1.4B USD (2023)
DESCRIPTION

Valvoline is a worldwide producer and distributor of premium-branded automotive, commercial and industrial lubricants, and automotive chemicals. Valvoline markets Eagle One appearance products, Zerex antifreeze, SynPower performance products, Pyroil automotive chemicals and MaxLife products created for higher-mileage engines. Valvoline was founded 1866 and is based in Lexington, Kentucky.

DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
State (Kentucky) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-22 Minit Lube - Certain Business Assets

Calgary, Alberta, Canada

Minit Lube - Certain Business Assets provides automotive services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-01 HAERTOL Chemie

Magdeburg, Germany

HAERTOL Chemie is a producer and supplier of premium antifreeze products and automotive services. The company developing and producing chemical products including Frostox ® antifreeze, heat transfer fluids, specialized products for automotive, power generation and other applications with sales across four continents. HAERTOL Chemie was founded in 1952 and is based in Magdeburg, Germany.

Buy -
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