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Brewer-Hendley Oil Co. recently announced that the company has acquired the lubricant supply business of Ownbey Enterprises, a three-generation family company that services customers in northwest Georgia, southeast Tennessee and northeast Alabama. The move is part of Ownbey's business reorientation which began last year with the sale of its Chevron-branded dealer supply division.
"The decision to sell our lubricants division is the next step in our strategic plans to optimally exit the industry," said company president Rodney Ownbey. "Given the increasingly competitive nature of the business in our trade area, it became apparent that we didn't have the scale in any of our business segments to meaningfully and profitably grow our business into the future. Being a multigenerational business, started by my father in the early '70s, made our exit decision very hard, but we were ultimately pragmatic and proactive in our decision to move forward."
The sale will allow Brewer-Hendley Oil to expand its lubricant marketing footprint into north Georgia with an entry point into southeast Tennessee and the growing Chattanooga market.
"We are very excited to be able to acquire Ownbey's branded and unbranded lubricants business and for the opportunity to deliver the same level of quality service that Rodney's customers have enjoyed for so many years," said Nance Hendley, president of Brewer-Hendley Oil. "We look forward to demonstrating our customer value through our various programs and services that have positively fueled our expansion over the past years."
Talks are ongoing related to the sale of Ownbey's commercial fuels business, which when finalized will conclude the company's divestiture plan.
For more information, visit www.brewerhendley.com.