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08.12.25 - 14:03
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HF Sinclair Corporation′s Lubricants & Specialties Business to Acquire Industrial Oils Unlimited (Business Wire)
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DALLAS--(BUSINESS WIRE)--HF Sinclair Corporation (NYSE: DINO) (HF Sinclair) today announced that its subsidiary has entered into a definitive agreement to acquire Industrial Oils Unlimited, LLC (“IOU”), a leader in industrial lubricants and specialty fluids for a purchase price of $38 million, inclusive of approximately $15 million of working capital. This purchase price implies a 2027 expected EBITDA multiple of approximately 3.5x after synergies.
The addition of IOU and its rich history of value-added service and solutions, along with its respected DX brand, will strengthen HF Sinclair's position as an innovative leader in lubricants and specialty fluids. IOU's expertise and diverse product lines, serving the manufacturing, energy, food and commercial heavy-duty transportation markets, will complement and expand HF Sinclair's Lubricants & Specialties portfolio, enabling HF Sinclair to offer customers an even broader range of high-quality solutions for industrial market needs. Based in Tulsa, Okla...
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