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
Founded 1933
Sector Oil/Gas Exploration
Employees54,041
Revenue 400.0B USD (2012)
DESCRIPTION
Aramco office in downtown Houston, Texas.
Aramco office in downtown Houston, Texas.

Aramco operates as an integrated energy and chemical company in Saudi Arabia and internationally. Aramco was founded in 1933 and is headquartered in Dhahran, Saudi Arabia.

DEAL STATS #
Overall 3 of 7
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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