Total Lubrifiants has announced the acquisition from Houghton International of its aluminium hot rolling oil, steel, cold rolling oil, and tinplate rolling oil activities in the North American and European Economic Area markets. The transaction includes the associated technical support services in both regions.
With this specially formulated range of hot and cold rolling oils, cleaners, and accompanying fluid management services, Total is broadening its product portfolio to offer a fully integrated solution. The company has stated that it has a long-standing history of providing value-added lubricants and maintenance solutions to the industry, while meeting the highest safety and environmental standards.
“We believe that this acquisition will create value both for Total and our customers from these industries,” said Philippe Charleux, Senior Vice President of Lubricants and Specialties at the Marketing & Services Division of Total. “It will strengthen our position in the industrial lubricants market, which is an important part of our strategic vision for the future. Geographically, we are strengthening our strong presence in Europe and expanding our activities and market penetration in North America, especially the US.”
Read the article online at: https://www.worldcement.com/europe-cis/02082019/total-strengthens-presence-in-industrial-lubricants-market/