Dow acquires polyglycol lubricants business from Shell Chemicals UK Limited

Citation

(2000), "Dow acquires polyglycol lubricants business from Shell Chemicals UK Limited", Industrial Lubrication and Tribology, Vol. 52 No. 3. https://doi.org/10.1108/ilt.2000.01852cab.001

Dow acquires polyglycol lubricants business from Shell Chemicals UK Limited

Dow acquires polyglycol lubricants business from Shell Chemicals UK Limited

Keywords: Lubricants, Shell, Mergers and acquisitions

Dow Benelux NV, a subsidiary of The Dow Chemical Company, has purchased Shell Chemicals' industrial and textile lubricants business. Dow acquired the customer base and rights to technology associated with the business.

The acquistion gives Dow rights to complementary product and application technology and added market access in the area of polyglycol synthetic lubricant basestocks, for industrial and textile applications in Europe and demonstrates the strong commitment to this industry sector. The company will incorporate and run this business with its range of SYNALOX polyglycol lubricants, which form part of Dow Polyglycols, within the Specialty Chemicals business.

Said Andrew Liveris, vice president, Dow Specialty Chemicals: "The acquisition of Shell Chemicals' OXILUBE and OXITEX product lines and technology is absolutely consistent with our growth objectives in Specialty Chemicals".

Shell's Colin McKendrick, Higher Olefins and Derivatives business manager, Europe and Africa, said: "Shell Chemicals are determined to concentrate their resources on bulk petrochemical businesses where they can develop and maintain global leadership. We believe that the customers of the OXILUBE and OXITEX businesses will benefit from the greater focus which Dow will bring in this specialty area".