PetroChoice Acquires Craft Oil

Noria news wires
Tags: industrial lubricants

PetroChoice recently announced the acquisition of Craft Oil Corp., continuing the expansion of its distribution efforts throughout the Mid-Atlantic Region.

This is the fourth acquisition in 2012 for PetroChoice, which is focused on acquiring best-in-class lubricant distributors that are a strategic fit with its business model to expand its product and service offerings to customers and its geographic footprint.

Headquartered in Avoca, Pa., and established in 1925, Craft Oil Corp. distributes lubricants, equipment and a wide range of related services to the commercial, automotive, industrial and aviation markets. Key brands represented include ExxonMobil, Shell, Pennzoil, Quaker State, Service Pro, CAM2, Air1 DEF, Clean Burn, Wynn's and Rotary Lift.

"We have great respect for Craft Oil," said Shane O'Kelly, CEO of PetroChoice. "We have much in common, and each company brings unique talents and expertise to the combined organization. Together we will have unsurpassed capabilities and infrastructure to fulfill the specialized needs of lubricant customers throughout the Mid-Atlantic Region."

Craft Oil had been a privately held company owned by Bob Mills and Maureen Mangan Mills. Bob Mills will assume the role of president of the Mid-Atlantic Division and chief strategy officer of PetroChoice.

"Joining the PetroChoice team gives our valued Craft employees the opportunity to continue our growth strategy with a company that shares our vision for the lubricant industry," Mills said. "We look forward to delivering continuous improvements to our customers and deepening our relationships with our suppliers."

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