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VALVOLINE

Company Summary

Description

Valvoline™, a business of Ashland Inc., provides products and services in more than 100 countries across the globe. Learn more about Valvoline's family of brands, international markets, career opportunities and more through the information below.

Website

http://www.valvoline.com/about-us

Recent news

  • 12/13/2023 - Aramco Acquires 40%... (subscriber access)
  • 8/15/2022 - Saudi Aramco Announces... (subscriber access)
  • 8/2/2022 - Valvoline Sells Global... (subscriber access)
  • 12/16/2020 - Valvoline Prices $535MM... (subscriber access)

Company Transactions

Date: 8/2/2022
Type: Acquisition

BUYERS:
  • Saudi Arabian Oil Co. (Saudi Aramco)
    • SELLERS:
  • VALVOLINE
    • DETAILS:

    COST: 2.65 $B

    NOTES:
    Valvoline has sold its Global Products business to Aramco for $2.65 billion cash, which will close in late 2022 or early 2023. By parting with its Global Products segment, Valvoline is now a pure-play automotive service provider.
    REGIONS:
  • International