M&A Deal Summary

RelaDyne Acquires Drydene

On September 27, 2021, RelaDyne acquired chemicals company Drydene

Acquisition Highlights
  • This is RelaDyne’s 2nd transaction in the Chemicals sector.
  • This is RelaDyne’s 37th transaction in the United States.
  • This is RelaDyne’s 4th transaction in Pennsylvania.

M&A Deal Summary
Date 2021-09-27
Target Drydene
Sector Chemicals
Buyer(s) RelaDyne
Deal Type Add-on Acquisition

Target

Drydene

Warminster, Pennsylvania, United States
Drydene offers a complete line of automotive, commercial, and industrial lubricants, including engine oils, diesel exhaust fluid (DEF), transmission fluids, grease, and hydraulic & gear oils. Drydene is based in Warminster, Pennsylvania.

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Buyer(S) 1

Buyer

RelaDyne

Cincinnati, Ohio, United States
Category Company
Founded 1982
Sector Distribution
Employees1,500
Revenue 2.1B USD (2021)
DESCRIPTION

RelaDyne is a distributor of lubricants, fuels & equipment reliability services to the commercial, industrial, and automotive markets. RelaDyne’s distribution platform spans more than 90 locations serving customers across the Central, Mid-Atlantic, and Southern U.S. RelaDyne was formed in 1982 and is based in Cincinnati, Ohio.

DEAL STATS #
Overall 37 of 38
Sector (Chemicals) 2 of 2
Type (Add-on Acquisition) 33 of 34
State (Pennsylvania) 4 of 4
Country (United States) 37 of 38
Year (2021) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-22 PPC Lubricants

Jonestown, Pennsylvania, United States

PPC Lubricants is a premier lubricants distributor. PPC serves customers in eight neighboring states – Pennsylvania, New Jersey, Maryland, Delaware, Virginia, West Virginia, Ohio and New York. PPC Lubricants was founded in 1977 and is based in Jonestown, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-13 Enterprise Oil Co

Chicago, Illinois, United States

Enterprise Oil Co offers industrial, aviation, metalworking, and automotive products to better serve its customer base, as well as innovated and developed new formulations to meet the everchanging market demands. The company’s long-lasting relationship with Ford Motorcraft and Castrol symbolizes the success that has been cultivated in the distribution marketplace. Additionally, its Aviation offering including Eastman products positions the company as a premier supplier to the aviation fluids market. Enterprise Oil Co. was founded in 1988 and is based in Chicago, Illinois.

Buy -
Mergr

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