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Industrial lubricant company joining Shell
Shell is acquiring the Environmentally Considerate Lubricants (ECLs) business of the PANOLIN Group. This includes the PANOLIN brand, ECL product formulations, intellectual property, technical expertise and technology, international customer base and portfolio of products – for hydraulics, gears, universal tractor transmission oils, biodegradable engine oils (HDEO), turbine oils, chainsaw oils and greases for machine lubrication.
Shell will manufacture, distribute and market the PANOLIN portfolio of ECL products. The acquisition increases Shell’s presence in the mining, construction, agriculture, renewable power, hydropower and offshore wind sectors.The deal is expected to be completed by early 2023.