Brenntag, the global market leader in chemical distribution strengthens itslubricants business in North America by agreeing to acquire Mayes CountyPetroleum Products, Inc. (“MCP”), a regional integrated lubricant and fueldistributor headquartered in Pryor, Oklahoma.
Markus Klähn, Member of the Management Board of Brenntag Group and CEOBrenntag North America: “Brenntag intends to be an active market consolidatorin selected regions in the North American lubricant distribution market which ishighly attractive and still fragmented with smaller distribution companies. TheMC Petroleum acquisition perfectly fits in this strategy, strengthening ourrelationship with key suppliers and customers in the market.”
MC Petroleum is engaged in the sale, marketing and distribution of lubricants,commercial fuel, ancillary services and chemicals to industrial, commercial,construction, mining and agricultural consumers mainly throughout Oklahoma.
“The MCP acquisition is a valuable addition to the J.A.M. platform that Brenntagacquired in December 2015. It is an excellent fit as it strengthens our existingbusiness in the less volatile lubricants market and will lead to a geographicalexpansion into the adjacent Oklahoma market,” says Anthony Gerace,Managing Director Mergers & Acquisitions at Brenntag Group.