M&A Deal Summary

Fuchs Petrolub SE Acquires Chevron - White Oils & Food Machinery Lubricants Business

On May 3, 2016, Fuchs Petrolub SE acquired chemicals company Chevron - White Oils & Food Machinery Lubricants Business from Chevron

Acquisition Highlights
  • This is Fuchs Petrolub SE’s 4th transaction in the Chemicals sector.
  • This is Fuchs Petrolub SE’s 3rd transaction in the United States.
  • This is Fuchs Petrolub SE’s 1st transaction in California.

M&A Deal Summary
Date 2016-05-03
Target Chevron - White Oils & Food Machinery Lubricants Business
Sector Chemicals
Buyer(s) Fuchs Petrolub SE
Sellers(s) Chevron
Deal Type Divestiture

Target

Chevron - White Oils & Food Machinery Lubricants Business

San Ramon, California, United States
Chevron - White Oils & Food Machinery Lubricants Business is a producer of lubricants.

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Buyer(S) 1

Buyer

Fuchs Petrolub SE

Mannheim, Germany
Category Company
Founded 1931
Sector Chemicals
Employees4,158
Revenue 1.9B EUR (2014)
DESCRIPTION

Fuchs Petrolub SE is a global Group based in Germany which develops, produces and distributes around 10,000 lubricants and related specialties across the world.

DEAL STATS #
Overall 4 of 6
Sector (Chemicals) 4 of 5
Type (Divestiture) 3 of 3
State (California) 1 of 1
Country (United States) 3 of 4
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-01 Statoil Fuel & Retail Lubricants AB

Stockholm, Sweden

Statoil Fuel & Retail Lubricants AB is a supplier of lubricants in Scandinavia and the Baltics. Statoil Fuel & Retail Lubricants AB was formed in 2014 and is based in Stockholm, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-01 Ultrachem

New Castle, Delaware, United States

Ultrachem, Inc. is a producer and marketer of specialty synthetic lubricants for the compressor OEM and industrial maintenance markets.

Buy -

Seller(S) 1

SELLER

Chevron

San Ramon, California, United States
Category Company
Founded 1879
Sector Oil/Gas Exploration
Employees45,600
Revenue 196.9B USD (2023)
DESCRIPTION
Chevron office in downtown Houston, Texas.
Chevron office in downtown Houston, Texas.

Chevron is a fully integrated energy company. Its business includes petroleum operations, chemicals, mining operations, power generation and energy services. Chevron's exploration and production operations consists of exploration, development and production of crude oil and natural gas. Chevron was incorporated in 1879 and is based in San Ramon, California.

DEAL STATS #
Overall 10 of 14
Sector (Chemicals) 1 of 1
Type (Divestiture) 9 of 13
State (California) 1 of 3
Country (United States) 8 of 12
Year (2016) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-19 Island Energy

Kapolei, Hawaii, United States

Island Energy is an operator of bulk fuel import and storage terminals, pipelines and associated logistics assets, as well as a retail fuel network serving customers throughout the islands of Hawaii.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-25 Chevron - NGL Logistics Assets

San Ramon, California, United States

Chevron Corp. - NGL Logistics Assets includes approximately 500 miles of pipelines and a storage cavern connecting multiple fractionation facilities, refineries and a petrochemical facility.

Sell -
Mergr

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