In theory they now get 30-35% of market...
Interesting...don't know full implications for Frigc but appears to be included...
May give IMG-Frigc a shot in the arm...
FAIRFIELD, N.J.--(BUSINESS WIRE)--April 15, 1998--Today's announcement by Pennzoil Company [NYSE:PZL - news] and Quaker State Corporation
[NYSE:KSF - news] to join together to create a new company to market Motor Oil, Refined Products and Automotive Consumer Products, will certainly result in
significant changes for the entire North American Automotive Lubricants industry.
With a combined total of over 2000 Fast Lube centers in operation, No. 1 market share and a leading position in the Automotive Consumer Products category with
brand names such as Slick 50(R), Blue Coral(R), and Gumout(R), this yet to be named company is sure to change how Automotive Lubricants are refined,
produced and sold.
This announcement will have significant implications for lubricant basestock producers, finished lubricant marketers, additive suppliers and distribution networks.
What are the implications of this announcement for such competitors as Castrol, Valvoline and Havoline? What new opportunities have been created in the
lubricants industry? Are additional mergers, consolidations or even exits likely to occur? |
