Mansfield acquires Lube-Tech fuel business and expands partnership Adds scale in fuel supply and continues integration with Lube-Tech in Minnesota
MINNEAPOLIS, June 9, 2014 /PRNewswire-iReach/ -- Mansfield Energy Corporation announced today it has acquired the commercial fuels business of Lubrication Technologies, Inc. and will partner with Lube-Tech to provide regional transportation, fuel terminaling, and equipment services for Mansfield in Minnesota. The acquisition follows on last month's acquisition of Yocum Oil in the Minnesota market. Lube-Tech's Roseville facility will house Mansfield and Lube-Tech fuel sales, customer service, dispatch and driver teams.
Lube-Tech's fuel business fits seamlessly into Mansfield's current fuel supply chain and builds on the Yocum volumes in the region. Adding both Lube-Tech and Yocum's fuel businesses to Mansfield's existing business in Minnesota provides customers the combination of local service, cutting edge technology solutions, and a scale of supply that is unmatched in the region. "Optimizing our customer's fuel supply and improving their access to nationwide supply that is combined with cost saving technology is our primary mission. Expanding our staff and scale of supply in key markets like Minneapolis and the entire Great Lakes region is an important step in continuing to execute that mission," said Joe Campbell, Mansfield SVP of Operations.
"We thank our fuel customers for their business and trust and are excited to expand our partnership with Mansfield. Mansfield's industry leading fuel supply and services capability will bring added value to our customers, and I am certain our partnership will result in outstanding customer service and support. As opportunities arise, we expect to further expand our partnership enabling Mansfield to grow their fuel business and Lube-Tech to grow our lubricants, chemicals and equipment business," stated Chris Bame, CEO of Lube-Tech.
Since 1925, Lube-Tech and its founding companies have demonstrated an employee-first, customer-focused approach. As the Midwest's go-to resource for advanced lubrication and energy solutions, Lube-Tech's mission is to help our customers accelerate their performance — from their engines and equipment to their bottom line — while continuously improving our employees' lives and our community. Lube-Tech serves transportation, automotive, industrial, and small engine customers in over 70 countries. Based in Golden Valley, Minnesota Lube-Tech has operations throughout the Midwest region, Shreveport Louisiana, and Langenthal Switzerland. For more information, visit www.lubetech.com.
Ranked as one of the Top 50 privately held companies in America by Forbes magazine, Mansfield defines the next generation transportation fuels company. Founded in 1957, the company has achieved double-digit growth for three decades by focusing on optimizing and controlling fuel-related costs for its customers using innovation, technology, and high touch service. Mansfield's corporate headquarters is located in Gainesville, GA, with regional operations centers located in Roseville, MN; Mark, IL; Detroit, MI; Denver, CO; Loma Linda, CA; Houston, TX; Calgary, Canada; and renewable energy operations in Bloomington, MN. For more information, visit www.mansfieldoil.com.
Media Contact: Kristin Sanderson, Mansfield Energy Corporation, 678-450-2119, firstname.lastname@example.org
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SOURCE Mansfield Energy Corporation