PetroChoice Acquires Craft Oil Corporation
BRISTOL, Pa., Dec. 3, 2012 /PRNewswire/ -- In recent years, PetroChoice has been expanding its distribution efforts throughout the Mid-Atlantic Region. Adding depth to its distribution, PetroChoice has acquired Craft Oil Corporation. "We have great respect for Craft Oil," said Shane O'Kelly, CEO of PetroChoice. "We have much in common and each company brings unique talents and expertise to the combined organization. Together we will have unsurpassed capabilities and infrastructure to fulfill the specialized needs of lubricant customers throughout the Mid-Atlantic Region."
Craft Oil Corp., established in 1925 and headquartered in Avoca, PA., was a privately held company owned by Bob Mills and Maureen Mangan Mills. Bob Mills is assuming the role of President of the Mid-Atlantic Division and Chief Strategy Officer of PetroChoice. "Joining the PetroChoice team gives our valued Craft employees the opportunity to continue our growth strategy with a company that shares our vision for the lubricant industry. We look forward to delivering continuous improvements to our customers and deepening our relationships with our suppliers," said Bob Mills.
Craft Oil distributes lubricants, equipment and a wide range of related services to the commercial, automotive, industrial, and aviation markets. Key brands represented include ExxonMobil, Shell, Pennzoil, Quaker State, Service Pro, CAM2, Air1 DEF, Clean Burn, Wynn's, and Rotary Lift.
This is the fourth acquisition by PetroChoice this year. PetroChoice is focused on acquiring best-in-class lubricant distributors that are a strategic fit with its business model to expand its product and service offerings to customers, and its geographic footprint.
PetroChoice is a leading value-added provider of petroleum based lubrication products and services in the Mid-Atlantic and Midwest Regions. The Company provides its customers with Lubrication Solutions to meet their Safety, Savings, and Sustainability goals. PetroChoice distributes an extensive product offering of lubricants, coolants, metalworking fluids, equipment, auto-lube and filtration systems, and contamination control devices backed by unmatched technical expertise and services.
SOURCE Craft Oil Corp.
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