RelaDyne Acquires Jasper Oil Company of Jasper, Alabama
RelaDyne, one of the nation's leading providers of lubricants, fuel, diesel exhaust fluid (DEF), and industrial reliability services, has acquired Jasper Oil, a provider of a full line of petroleum-based products ranging from lubricants, oils to hydraulics and fuels based in Jasper, Alabama. Previously a wholly-owned subsidiary of Drummond Company, Inc., Jasper Oil provides all petroleum-based products needed for mining operations. This acquisition builds upon RelaDyne's strong geographic presence in Alabama and further solidifies RelaDyne's existing service capabilities in the mining industry.
CINCINNATI, April 2, 2019 /PRNewswire-PRWeb/ -- RelaDyne, one of the nation's leading providers of lubricants, fuel, diesel exhaust fluid (DEF), and industrial reliability services, has acquired Jasper Oil, a provider of a full line of petroleum-based products ranging from lubricants, oils to hydraulics and fuels based in Jasper, Alabama. Previously a wholly-owned subsidiary of Drummond Company, Inc., Jasper Oil provides all petroleum-based products needed for mining operations. This acquisition builds upon RelaDyne's strong geographic presence in Alabama and further solidifies RelaDyne's existing service capabilities in the mining industry.
Jasper Oil is a regional lubricant and fuel distributor in Alabama. As part of RelaDyne, Jasper Oil will enhance RelaDyne's distribution capabilities and provide increased operating efficiency for RelaDyne's existing Southeast regional operations. Jasper Oil will also strengthen RelaDyne's existing relationship with it branded lubricants partners and provide a strategic evolution to future organic growth.
"The sale of Jasper Oil is in line with our corporate strategy of divesting non-core assets, but more importantly the strategic merits of the combination with RelaDyne is a true win-win scenario for our operations and our incredible team of employees," said John Coffey, Chief Administrative Officer of Drummond Company. "With RelaDyne's existing Alabama operations and breadth of products and services, we expect Jasper Oil will integrate seamlessly with the RelaDyne team."
"We are excited to add Jasper Oil to the RelaDyne team, especially using their talents to complement our team in the Alabama region," stated Larry Stoddard, RelaDyne President and CEO. "We are confident we will offer new opportunities for Jasper Oil's customers and associates as they become a part of RelaDyne."
RelaDyne continues to be the "Acquirer of Choice" in the lubricants, fuel, and reliability segments. "Our momentum into 2019 has not let up. The acquisition of Jasper Oil is now the fifth of 2019," said RelaDyne CSO, Jeff Hart. "We are looking forward to a very busy and robust 2019 as we continue to create a national distribution platform."
About Jasper Oil Company
Jasper Oil was founded in 1967 in Jasper, Alabama. Founded with a focus on gasoline products, both diesel and refined, Jasper Oil provides a full line of petroleum-based products ranging from lubricants and oils to hydraulics and both on-road and off-road fuels. Previously a wholly-owned subsidiary of Drummond, Jasper Oil provides all petroleum-based products needed for mining operations. Jasper Oil's primary product lines include Citgo, Pure Guard, and Mystik Lubricants.
About RelaDyne
RelaDyne, headquartered in Cincinnati, Ohio, is one of the nation's leading providers of lubricants, fuels, diesel exhaust fluid (DEF), and reliability services for industrial, commercial, and automotive businesses in the United States. RelaDyne was formed in 2010 by the combination of four well-established industry-leading companies and has since grown to more than 60 locations by strategically acquiring other industry leaders in the lubricant, fuel distribution, and industrial service segments. For more information, visit http://www.RelaDyne.com.
SOURCE RelaDyne
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