Pugh Lubricants and Apollo Oil Enter into a Merger Agreement

Pugh Lubricants has announced the merger with Apollo Oil to launch lubricant distribution company to cater the growing demand of Lubricants

United States: Pugh Lubricants, a United States based leading distributor of label finished lubricants, antifreeze, and other ancillary product lines, has announced the merger agreement with Apollo Oil, a United States based lubrication products dealer. Apollo Oil is involved in the distribution of products that have application across various industries, including automotive, aviation & marine, commercial, power generators, municipalities etc. Both the companies operate in different regions with very little overlap in geography, which would allow Apollo and Pugh to continue their operations as separate divisions whilst maintaining their historic company names.

TechSci Research depicts that the agreement would strengthen the position of both the companies as a leading lubricant producer. Additionally, the new company would improve reach to suppliers and customers. Furthermore, the merger would allow strategic benefits to both the companies to include augmented product offerings that would cater the growing demand of lubricant across Eastern United States.

According to the recently published report by TechSci Research, “Global Specialty Lubricants Market , By Type (Mineral Oil Based, Synthetic Oil Based & Bio Based), By End User Industry (Automotive, Cement, Chemical, etc.), By Region, Competition Forecast & Opportunities, 2011-2025”, the global specialty lubricants market is anticipated to cross $ 81 Billion by the end of 2025. Globally, synthetic oil-based specialty lubricant is the most preferred type of specialty lubricants. High demand for synthetic oil-based specialty lubricants is due to their superior performance at high temperatures, oxidation stability and durability, as compared to conventional mineral oil lubricants. Additionally, North America dominated global demand for specialty lubricants, and the same trend is expected to continue during forecast period as well. Some of the leading players operating in global specialty lubricants market include Klueber, Exxon Mobil, Dow Corning, Sinopec and BASF SE, among others.