Product category:
Lubricants
News Release from: Shell Lubricants
Edited by the Engineeringtalk Editorial
Team on 25 January 2006
Shell buys Croda Chemicals
Shell to expand lubricants portfolio for the metalworking and metals sectors following acquisition of Croda Chemicals' rolling fluid and production engineering businesses.
Shell's lubricants companies are to expand their portfolio for the metalworking and metals sectors with the acquisition of Croda Chemicals' rolling fluid and production engineering businesses Contracts were exchanged on 23rd January 2006 in a deal that will see Shell take ownership of Croda's rolling fluid and production engineering lubricant formulations
This article was originally published on Engineeringtalk on 2 Jul 2008 at 8.00am (UK)
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Croda's technical, sales and customer service staff from the rolling fluid and production engineering businesses will also transfer to Shell.
Completion on the transaction is expected during the first quarter of 2006.
David Pirret, Executive Vice President of Shell Lubricants, said: "This complements our strategy of expanding our portfolio and technical expertise in specialist and added value products and will support our continued growth in the primary metals sector and engineering and manufacturing industries, in which Shell lubricants companies are already well placed".
"The transfer of the company's intellectual property to Shell will enable us to offer customers continuity of supply and sales support with all the added advantages of Shell's global reach and ability to invest in research and development".
Shell has had a close relationship with Croda for the past 15 years, selling Croda's rolling fluids under the Shell banner.
Shell will maintain the current formulations, with their existing names for ease of identification, ensuring continuity of supply.
The acquisition will also see Shell strengthen its existing metalworking lubricants interests, with the addition of forming products and the introduction of a range of protectives.
In the short term, products will continue to be manufactured at Croda's plant in Doncaster.
A transition to a suitable Shell manufacturing facility is envisaged by mid 2006.
Croda customers were informed of the planned transition following an agreement in December.
Roger Moulding, Vice President Specialities at Shell Lubricants, said: "This acquisition has significant benefits for both Croda and Shell customers; it will allow Croda customers to rationalise their supplier base while maintaining continuity of supply and gaining access to Shell's technical and research and development expertise".
"Shell customers will benefit from the expansion of our portfolio as part of our commitment to meeting their entire lubrication requirements on a global basis". Request free introductory details about products from Shell Lubricants ...
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