Mansfield Energy Acquires Fuel Distribution Assets of Lube-Tech
MINNEAPOLIS, July 9, 2020 /PRNewswire/ -- Mansfield Energy Corp announced today the acquisition of the fuel transportation assets of Lubrication Technologies (Lube-Tech), including its tankwagon and transport fleet operations and bulk storage facilities.
“We are excited to enhance the fuel supply and delivery solutions we provide fuel customers,” said Blake Young, President of Mansfield Oil Company. Mr. Young continued, “Our continued partnership with Lube-Tech creates an impactful combination of data integration and supply chain management for fuels, lubricants, DEF, equipment, and related services throughout the Midwest. This acquisition further expands Mansfield’s fuel asset footprint, allowing us to provide best-in-class service across North America.”
Since 2014, Mansfield and Lube-Tech have partnered in Minnesota, Wisconsin, and Iowa markets to provide fuel, lubricants and other products to their shared customers. The purchase of Lube-Tech’s fuel assets enables fuel customers to receive enhanced delivery logistics and reporting through Mansfield’s online fuel portal, FuelNet, while still benefitting from Lube-Tech’s industry-leading fluids, lubricants, and vehicle washing solutions.
“This agreement allows us to better serve our combined customers in the Midwest while enabling Mansfield to bring the full force of its industry-leading supply footprint. We look forward to a seamless transition for fuel customers, and will continue working closely with Lube-Tech to provide our shared customers with unparalleled service while building relationships that matter across our industry,” said Michael Mansfield, Sr., CEO of Mansfield Energy Corp.
"We are grateful that our customers have trusted us with their fuel deliveries over the past several years," said Chris Bame, CEO of Lube-Tech. "The dedication and service our Lube-Tech teammates have provided to our customers has been invaluable and we thank them for living our purpose to make tomorrow a little bit better than today. We believe that one Mansfield team from order to delivery will result in the best, go-forward fuel solution for our customers."
About Mansfield Energy Corp
Since 1957, Mansfield Energy has provided innovative solutions to the nation's most demanding fuel supply and logistics challenges. Mansfield's portfolio of products and services spans fuels, natural gas, diesel exhaust fluid, data management and price risk management tools. Delivering over three billion gallons of fuel and complementary products annually, Mansfield operates an unmatched network of suppliers, carriers, and vendors across every U.S state and Canadian province. To learn more about Mansfield Energy, please visit www.mansfield.energy.
About Lube-Tech
Lube-Tech provides advanced energy, fluids, lubricants, vehicle wash solutions and other supporting services to customers across the Midwest within the automotive, industrial and manufacturing segments as well as private label fluids and lubricants to some of the world's largest OEMs. Since 1925, Lube-Tech has demonstrated a people-first, customer-focused approach. Lube-Tech's purpose is to make tomorrow a little bit better than today. Lube-Tech helps customers accelerate their performance, from their engines and equipment to their bottom line while continuously supporting their teammates and the communities where they live. 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.
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SOURCE Mansfield Energy Corp
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