Two petroleum additives deals stall on the consolidation trail
Journal Article
·
· Chemical Week
OSTI ID:508292
The consolidation of the lubricant and fuel additives market is turning out to be anything but a slick transition. Two deals have fallen through since the beginning of April. Ethyl Corp. (Richmond, VA) has discontinued negotiations for the acquisition of BP Chemicals` (London) Adibis petroleum additives business and Lubrizol`s (Wickliffe, OH) proposed purchase of Amoco Chemical`s petroleum additives business is stalled, and may be completely derailed by antitrust concerns. Meanwhile, a third petroleum additives business, the European joint venture between Amoco and Finzis being liquidated.
- OSTI ID:
- 508292
- Journal Information:
- Chemical Week, Vol. 150, Issue 16; Other Information: PBD: 22 Apr 1992
- Country of Publication:
- United States
- Language:
- English
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