Motul completed the acquisition of Chem Arrow.

Motul, a French high-performance lubricants company, completed the acquisition of Chem Arrow, a supplier of lubricants to the HVAC market. Financial terms were not disclosed. "This is such an exciting opportunity for our distributors, customers, and employees. It will enable us to fully harness our growth potential. Motul's global reach will significantly enhance Chem Arrow's ability to expand into new markets, providing us with a broader international footprint. Additionally, our research and development capabilities will be further strengthened by access to strategically located manufacturing facilities across Asia, Europe, India, Africa and South America. We are committed to retaining our valued and talented workforce and look forward to welcoming additional top-tier associates to our team. Keeping the exceptional employees who have driven Chem Arrow’s success was a key consideration in our discussions regarding this merger," Hamish Mitchell, Chem Arrow President & CEO.