PetroChoice, a leading provider of lubrication solutions, has announced that it has acquired LubriCorp, headquartered in Knoxville, Tennessee.
LubriCorp is one of the Southeast’s leading full service distributors operating facilities in Knoxville, Kingsport, and Cleveland. The company provides a broad range of lubricants and specialty products for the passenger vehicle, commercial, and industrial segments. Their distribution reach today covers much of the southeastern US, including eastern Tennessee, Kentucky, Virginia, Georgia, Alabama, West Virginia and parts of North Carolina.
PetroChoice is focused on acquiring best in class lubricant distributors to expand both its service offering as well as its geographical footprint.
Shane O’Kelly, CEO of PetroChoice, said: “LubriCorp is a great company and we are proud to have them join the PetroChoice family. petroChoice and LubriCorp share many of the same values, which include our dedication to our employees, our commitment to building strong customer relationships and our unwavering focus on quality”.
Mike Foltz, the former president of LubriCorp, will continue as Vice President and General Manager of PetroChoice Tennessee. “PetroChoice is a great fit for us”, he said. “I have been in the lubricants industry for a long time and know many of the distributorship owners who have joined the PetroChoice team. Knowing their professionalism and how well aligned we were in mission and values brought clarity to our decision to become part of PetroChoice”.
“Acquiring LubriCorp is a great way to expand our growth opportunities in the Southeast and increase the overall PetroChoice footprint”, said O’Kelly. Foltz added: “As part of the PatroChoice team, we believe that we can continue to grow and expand from where we are today”.
Adapted from a press release by Emma McAleavey.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/02102014/petrochoice-acquires-lubricorp-1335/