Announced
Financials
Sources
Tags
Pending
Joint Venture
Single Bidder
United States
Majority
Domestic
Acquisition
Friendly
Energy / Utility Services
Private
industrial services
Synopsis
Shell-backed Pennzoil-Quaker State, an American oil company, and CSW-backed Whitmore, an industrial services provider, are set to form Shell & Whitmore Reliability Solutions, which is expected to market, distribute, and sell lubricants, greases, coolants, reliability products, and related industrial services to the North America rail and US mining sectors. Financial terms were not disclosed. “The resilient B2B sectors are key pillars for the future of Shell Lubricants, where we see a lot of opportunity for growth to support the market. Partnering with Whitmore, a leading provider of reliability products, high-performance greases, friction modifiers, and rail products, in creating this JV helps us to progress toward the execution of this strategy," Machteld de Haan, Shell Lubricants Americas President.
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