Advanced Lubrication Specialties (ALS) recently agreed to acquire the assets of the Chemlube International lubricants division located in Savannah, Georgia.
Terms of the transaction, which is expected to close this month, were not disclosed.
Chemlube’s Savannah lubricants division, established in 2001, produces a full range of high-quality lubricants distributed in bulk throughout the Southeast. Their leased blending facility includes 5.8 million gallons of storage, eight railcar spots, tanks ranging from 3,000 to 1.2 million gallons, deep-water dock access for shipment and receipt of waterborne base oils, and four tank truck loading racks with dedicated lines.
“Chemlube has been a strategic partner to ALS for close to 20 years,” ALS CEO Greg T. Julian said in a news release. “They are a first-class organization with quality products, customers, and a great reputation in the industry. These are the principles that define ALS, so when we had an opportunity to bring their customers and blending capacity into our portfolio, we jumped at the chance.”
The Chemlube Group, consisting of Chemlube International and its Swiss sister company, Chemlube SA, purchases base oil from virtually all the major global base oil refiners and is a leading independent distributor and trader of base oils throughout the world, including acting as exclusive distributor of Abu Dhabi National Oil Company premium Group III base oils in Europe.
“The sale of our Savannah blending operation represents a strategic decision by Chemlube to focus on its larger core base oil distribution and trading business,” Chemlube CEO Robert Nobel said. “We are pleased to be able to transfer our Savannah blending operation to ALS, an established and highly respected lubes blender whom we know well and with whom we have done substantial business over many years.
“We are confident that ALS will be able to expand the Savannah finished lubes business to the advantage of both our Savannah staff and our long-term finished lubes customers.”