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Jobbers World Online News Briefs is a service to Subscribers
to the Jobbers World Newsletter.
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CHS Acquires Nor-Lakes Liquid Lubricant Business and
The Farm-Oyl Company |
CHS Inc., a leading energy, grains and foods
company, has signed a purchase agreement to acquire
the liquid lubricants business of Nor-Lakes Services
Midwest, Inc., of Hugo, Minn., and The Farm-Oyl
Company of St. Paul, Minn., as part of a strong
commitment to growing the CHS lubricants business.
The closing on the purchase is expected to occur
April 30, 2007.
Nor-Lakes Services Midwest is a private label
lubricants manufacturer founded in 1988 to produce
private label lubricants and greases, including the
Farm-Oyl® brand. The Farm-Oyl Company has been
marketing heavy-duty lubricants to Upper Midwest
customers since 1929.
"This new acquisition reflects our commitment to
being a dependable, long-term lubricants supplier,
and allows us to optimize our manufacturing
facilities," said Anwer Hussain, Senior Vice
President of Lubricants. "Farm-Oyl, like CHS, has a
deep-rooted tradition of meeting the tough demands
of agricultural and commercial customers with
reliable lubricants for more than 75 years."
James Taglia, Nor-Lakes Services Midwest
President, said all liquid lubricant production
would be transferred from the Hugo location to CHS
facilities effective May 1. "We're excited about
this acquisition. CHS has a strong commitment to
being a long-term, dependable supplier and is
equally committed to continuing to serve our
customers," Taglia added.
"The Farm-Oyl Company was founded on the values of
commitment, integrity and hard work," said Robert
Larson, President and CEO of The Farm-Oyl Company.
CHS shares those values, and will continue to be a
dependable supplier of quality Farm-Oyl branded
lubricants, " Larson added.
CHS produces Cenex®-branded and other lubricants
at three ISO-9001:2000-certified manufacturing
facilities in Minnesota, Ohio and Texas. The company
markets a full line of lubricants for use in
agricultural, commercial, recreational and
industrial equipment. Nor-Lakes Services Midwest's
NL Grease LLC will continue to produce and
distribute grease products from its Kansas City
manufacturing facility. Terms of the joint
acquisition were not disclosed.
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Lubrizol Looking Good |
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The Lubrizol Corporation announced that it expects
to report strong earnings performance for the first
quarter of 2007.
In the first quarter of 2006, the company reported
earnings from continuing operations of $.66 per
diluted share, including a restructuring charge of
$.02 per share. Excluding the restructuring charge,
adjusted earnings from continuing operations for the
first quarter of 2006 were $.68 per diluted share.
Comparable adjusted earnings from continuing
operations for the first quarter of 2007, excluding
the restructuring credit, are expected to be in the
range of $.98 per diluted share. First Call analyst
earnings consensus is currently $.78 per share.
Lubrizol says the strong performance compared to the
first quarter a year ago was primarily the result of
higher revenues, driven by the improvement in the
combination of price and product mix. In addition,
shipment volumes in the quarter were higher than
expected, and reflected a return to normal order
patterns.
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Jig-A-Loo; You gotta love it! |
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No sooner does WD-40 announce to Wall Street that 2Q
earnings exceeded expectations and net income rose
to $8.9 million, does some "Jig-A-Loo" start making
a lot of noise in the US market to charm the rust
off WD's consumers with its youthful enthusiasm,
witty sense of humor, alluring orange and blue suit,
and seemingly effortless ability to lubricate stuck
objects without the use of oil, grease, wax, or
detergent. And oh yeah, they say this Jig-A-Loo
smells good too.
Launched in the Canadian mass retail market in 1998,
and just now making it big in the US with its
presence in Home Depot and other stores, Jig-A-Loo
is a spray lubricant manufactured by Jig-A-Loo World
out of Montreal Canada. It's formulated to stop
squeaks, unstick "just about anything," and protect
against rust. It addition it's said to be an
exceptional water repellent. According to it makers,
Jig-A-Loo is essential for hundreds of uses around
the house, garage, workshop, garden, and sports
lockers.
Sound familiar?
You bet its does if you get a paycheck from WD-40
every two weeks. Because based on everthing we are
reading and hearing about this young "Jig-A-Loo" out
of Quebec Canada, it's willing and ready to take on
that ubiquitous blue and yellow can with the ever
missing red straw. And if you don't think so,
consider what might have been going through the mind
of David Gilmour's head, CEO of Jig-A-Loo, when he
said "we are going to shake up this dull, dormant
category that hasn't been shaken up." Also consider
that Jig-A-Loo says they already managed to take
away 50% of the market share from WD-40 in the Great
North.
Maybe there is a message between the lines of this
story that lubricant marketers and independent
lubricant manufacturers can learn from. That message
speaks to branding, the power of good marketing, and
the courage to take on the big guy.
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Conocophillips Lubricants API CJ-4 Compatible Heavy
Duty Engine Oils Meet Caterpillar Specifications |
| ConocoPhillips Company, the fourth largest U.S.
lubricants supplier, announced that its line of API
CJ-4 diesel engine oils are also compliant with the
new Caterpillar Engine Crankcase Fluid (ECF) -2 and
ECF-1-a specifications. These products, which were
previously qualified as Cat ECF-3, were designed for
use in the 2007 or later model engines equipped with
diesel particulate filters (DPF) and catalysts for
exhaust aftertreatment, according to Reginald Dias,
director, commercial products, ConocoPhillips
Lubricants.
"We're pleased that by meeting Cat ECF-2 and
ECF-1-a certifications, our API CJ-4 products are
now approved for use in a wide range of Caterpillar
off-highway equipment that would have previously
required alternative engine oils," said Dias.
ConocoPhillips API CJ-4 products now approved as
ECF-3, ECF-2 and ECF-1-a compatible are:
 | Guardol ECT, Synthetic Blend 15W40 |
| Fleet Supreme EC, 15W40 |
| Kendall Motor Oil Super-D XA, Synthetic
Blend 15W40 |
In addition, ConocoPhillips' entire line of API
CI-4 PLUS engine oils are now certified as Cat ECF-2
and Cat ECF-1-a. These products are primarily
designed for use in equipment manufactured prior to
2007 and in off-highway equipment not requiring API
CJ-4 oils
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