Valvoline to Acquire the Assets Of Minit Lube
Valvoline Inc. has reached an agreement on purchasing of specific business assets of Minit Lube located in Alberta, Canada. The deal is planned to be closed during the 4-th quarter of fiscal 2019. Financial details of this transaction are still kept secret.
Valvoline is a well-known marketer and supplier
of premium branded lubricating products and auto services, with customers in
more than 140 countries. Established in 1866, the company’s workmanship spans
more than 150 years, during which it has created impressive brand recognition
via a range of product and service channels.
Learn more about Valvoline from this cool video
Currently, Minit Lube has 6 professional
lubrication service center in Alberta. Valvoline will purchase 4 service
centers, which will be transformed into Valvoline company-owned stores. Valvoline
will franchise the remaining two service centers to the existing owner. All
Minit Lube facilities are planned to be rebranded as Valvoline Great Canadian
Oil Change.
For more than four decades, Minit Lube centers
have been providing quality repair and maintenance services for its customers
across Canada and the decision to sell the business didn’t come easily to its
owners. But Minit Lube’s representatives are sure that the new owner will open
a wide range of new opportunities in the auto repair business.
Learn more about Minit Lube
It should be noted that last year Valvoline purchased Great Canadian Oil Change and Oil Changers to expand its business capacity in the field of quick-lube services outside the US territory. The purchase of Minit Lube is a great investment for Valvoline, since it will help the American company to start first company-owned service centers in Canada. Valvoline is anxious to provide professional services to its new customers in Alberta under the Valvoline Great Canadian Oil Change brand.
