Afton Chemical completes acquisition
Published by Francesca Brindle,
Editorial Assistant
Hydrocarbon Engineering,
Afton Chemical Corporation has announced the completion of its previously announced acquisition of Aditivos Mexicanos, S.A. de C.V. (AMSA), a petroleum additives manufacturing, sales and distribution company based in Mexico City, Mexico. The transaction closed on 3 July 2017, following the approval by the Mexican Federal Economic Competition Commission (Comisión Federal de Competencia Económica, COFECE).
“We are excited to welcome the AMSA team into the Afton family. Adding AMSA to Afton’s global operations will help us bring new value added solutions to our customers worldwide,” said Rob Shama, Afton Chemical’s President. “We plan to manufacture a complete range of petroleum additives for our customers in Mexico and throughout Latin America. We will also supply our other blending locations with components from the AMSA site,” said Shama.
The transition of AMSA into Afton will begin immediately. Customers in Mexico will shortly receive details explaining how the integration efforts will improve the service they can expect from Afton.
The acquisition complements and expands Afton’s current footprint in Latin America, which includes subsidiaries in Brazil, Mexico, Argentina and Venezuela.
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/04072017/afton-chemical-completes-acquisition/
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