Announced
Completed
Synopsis
Valvoline, a firm that produces, markets, and sells automotive maintenance products, particularly lubricants, to retail outlets and installer customers worldwide, completed the acquisition of a 50% stake in VCA Solutions, a distributor of automotive batteries and battery testing equipment. Financial terms were not disclosed. "Batteries play a critical role in vehicle reliability both in vehicles today and in the future. Automotive installers, including VIOC service centers, have a continuous need to service consumers' vehicles beyond oil changes. The acquisition of VCA Solutions adds to our robust offering of preventive maintenance products and solutions designed to meet our customers' needs," Jamal Muashsher, Valvoline President, Global Products.
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