American Synthol Inc. Acquires Travis Oil LLC

Synthetic Oil Manufacturer Expands Product Offerings Through Strategic Acquisition

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Oct 03, 2016, 07:00 ET

MEDINA, Ohio, Oct. 3, 2016 /PRNewswire/ -- American Synthol Inc. (Medina, OH), a leading synthetic lubricant manufacturer since 1983, has acquired Travis Oil LLC (Skippack, PA). Travis Oil LLC is a research and development company that focuses on the synthetic oil sector. The terms of the purchase were not disclosed.

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The acquisition expands American Synthol's product line for the industrial compressor market as well as adding advanced technology lubricant formulas for the food grade and automotive markets.

"American Synthol has been one of the innovators in the industrial lubricant market since Joe Green founded the company 33 years ago. The acquisition of Travis Oil LLC provides us with additional tools to help our distributors compete effectively," said Carl McGillivray, President of American Synthol Inc.

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SOURCE American Synthol Inc.