Old World Industries, LLC has announced that it has completed the acquisition of Victory Blue, a Dallas-based diesel exhaust fluid (DEF) company. The asset purchase included seven production facilities throughout the US.
Kal Mahmood, President and CEO at Old World Industries stated that this acquisition would bring about improved distribution efficiencies as well as allow the company to be better poised to service the growing demand for DEF through all sales channels.
Due to environmental regulations that began in 2010, the use of DEF is required in most diesel vehicles and off road equipment. Over the next 10 - 15 years, as older diesel vehicles are rotated out of the market and replaced with more advanced engine platforms, annual DEF consumption is expected to exceed two billion gal., as reported by Integer Research.
Charles Culverhouse, Vice President of Global DEF Business at Old World Industries stated that the acquisition was a strategic initiative that would significantly accelerate the company's growth plans within the North American marketplace. "Combining these assets with our existing infrastructure solidifies Old World's position as the largest DEF marketer in North America," Culverhouse said.
Adapted from press release by Francesca Brindle
Read the article online at: https://www.hydrocarbonengineering.com/refining/07042016/old-world-industries-acquires-victory-blue-2975/