RelaDyne recently announced the acquisition of Jasper Oil, a regional lubricant and fuel distributor based in Jasper, Alabama. Previously a wholly owned subsidiary of Drummond Co., Jasper Oil offers a full line of petroleum-based products, ranging from lubricants and oils to hydraulics and fuels, as well as products needed for mining operations. The company’s primary product lines include Citgo, Pure Guard and Mystik Lubricants.
“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 Co. “With RelaDyne’s existing Alabama operations and breadth of products and services, we expect Jasper Oil will integrate seamlessly with the RelaDyne team.”
Jasper Oil becomes RelaDyne’s fifth acquisition of 2019, as the company continues to create a national distribution platform. This latest acquisition is expected to build upon RelaDyne’s geographic presence in Alabama and further solidify the company’s existing service capabilities in the mining industry.
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 its branded lubricant partners and provide a strategic evolution to future organic growth.
“We are excited to add Jasper Oil to the RelaDyne team, especially using their talents to complement our team in the Alabama region,” said 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.”
Headquartered in Cincinnati, Ohio, RelaDyne is a leading provider of lubricants, fuels, diesel exhaust fluid (DEF) and reliability services for industrial, commercial and automotive businesses.
For more information, visit www.RelaDyne.com.
