Process Oils acquires MOGoil, boosting global base oil distribution
Process Oils, Inc., a subsidiary of Ergon, has announced the acquisition of MOGoil GmbH, a leading base oil trader in Europe. The purchase, which took effect on August 1, 2023, positions MOGoil for a more sustainable future as a leader in international base oil distribution.
Since 2006, MOGoil has been serving customers in Europe and beyond, providing optimal base oil solutions from a global network of long-term supply partners. As a wholly-owned subsidiary of Process Oils, MOGoil is now better equipped to meet global market needs on a larger scale.
“The addition of MOGoil expands our regional expertise and positions us to better meet global market needs,” said Lance Puckett, president of Process Oils. “We’re excited to have MOGoil join the Ergon family. Both companies share a passion for exceeding customer expectations and striving to be the world’s preferred solutions provider.”
MOGoil’s Managing Directors echoed this sentiment in a joint statement: “Being part of the Ergon family means major growth opportunities for MOGoil. We’re pleased to join a company known for extending remarkable support to employees, customers, and partners.”
Founded in Houston, Texas, U.S.A. in 1979 as Chemical Marketing Associates Inc., Process Oils was purchased by Ergon in 2015. The company has a core business built around the technical marketing of base oil and process oil products, along with green solutions such as vegetable and bio-oils.
Ergon is a family-owned organization comprised of a wide array of businesses. Established in Mississippi in 1954, the Ergon family of companies serves customers in more than 90 countries around the world. Business segments include Energy & Specialty Solutions, Pavement & Coating Resources, Integrated Services & Logistics, and Exploration & Production.