Universal Lubricants Acquires Midstate Environmental Services, LP
Wednesday, May 02, 2012
Press Release from NORA Member Universal Lubricants
Wichita, Kan. (May 2, 2012) – Universal Lubricants (UL), a leading national manufacturer
and distributor of automotive and industrial lubricants, today announced its acquisition of Midstate
Environmental Services, LP, of Robstown, TX. Midstate is a full service
environmental business that focuses primarily on processing used oil for thousands
of clients throughout Texas, New Mexico and Louisiana.
will continue to operate under its own name, but its employees and facilities will
be integrated into Universal Lubricants’ existing operations. The acquisition
will expand the size and scale of UL’s market presence while helping position
the Company for additional future growth. The acquisition adds 8 facilities and expands
the Company’s reach to 16 states.
"The Midstate acquisition is another step in UL’s strategic
plan to become one of America’s premier providers of top-quality lubricants
using re-refined base oils,” said John Wesley, UL’s chief executive officer. "Today’s
announcement also demonstrates that the environmental and economic forces driving
our company are real; UL is growing to meet the demand in the marketplace for
our products and services.”
UL is a leader in used oil collection, base oil
re-refining, blending and distribution, all of which maintain UL’s trademark
commitment to quality in our proprietary Closed Loop Process™. Its flagship product is ECO ULTRA®, a performance-driven and American
Petroleum Institute licensed line of motor oils and coolants. The Midstate
acquisition perfectly complements UL’s strategy of being a premier provider of
products and services based on re-refined base oils.
"With Midstate's collected used oil representing
additional feedstock for new re-refineries, the acquisition pushes Universal Lubricants
to the forefront of the re-refining and lubricants industry,” said Joe Hedrick,
owner of Midstate Environmental Services.
"All of Midstate's employees are
proud to become a part of the Universal Lubricants family. While we look forward to serving our existing
customers, we also look forward to the continued expansion and success that
will result from the partnership."
For more information about Universal Lubricants and
its line of automotive and industrial lubricants, please visit www.ecoultraoil.com.
About Universal Lubricants
Universal Lubricants, since its founding in 1929,
has balanced tradition with innovation to emerge over the past four decades as a
driving force in used oil collection, base oil refining and distribution. The
Company collects, re-refines, blends and re-distributes its own motor oil—never
losing guardianship within the chain—to ensure that every quart, every gallon
is of the highest quality for optimal performance. Universal Lubricants, with its
Closed Loop ProcessTM, boasts a national presence, supplying ECO ULTRA®
throughout the country by operating 36 facilities in 16 states. This includes
one of the world's most technologically advanced re-refineries in Wichita,
Kansas. The Company employs 465 workers and is a Pegasus Capital Advisors
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