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HollyFrontier

HollyFrontier to acquire Red Giant Oil, North America’s largest locomotive engine oil supplier
HollyFrontier to acquire Red Giant Oil, North America’s largest locomotive engine oil supplier

HollyFrontier Corporation announced that it has entered into a definitive agreement to acquire Red Giant Oil Company, a family-owned lubricants company based in Council Bluffs, Iowa, U.S.A. Financial details of the transaction were not disclosed. But HollyFrontier said it expects to generate approximately USD 7.5 million in annual forecasted EBITDA (Earnings Before Interest, Tax, Depreciation and […]

July 12, 2018
HollyFrontier completes acquisition of Petro-Canada Lubricants
Suncor sells Petro-Canada Lubricants to HollyFrontier

Calgary, Alberta-based Suncor Energy announced on Monday that it has reached an agreement to sell its Petro-Canada Lubricants Inc. business to a subsidiary of HollyFrontier Corporation for gross proceeds of CAD1.125 billion (USD839.4 million), subject to customary closing adjustments. HollyFrontier is a U.S.-based independent petroleum refiner headquartered in Dallas, Texas, with operations throughout the mid-continent, […]

November 2, 2016
HollyFrontier said to be in advanced talks to acquire Petro-Canada Lubricants
HollyFrontier said to be in advanced talks to acquire Petro-Canada Lubricants

HollyFrontier Corp. is said to be in advanced talks to acquire Suncor Energy Inc.’s Petro-Canada lubricants business for more than USD1 billion. HollyFrontier submitted the highest bid in an auction, Reuters reported, although neither Suncor Energy nor HollyFrontier would confirm the Reuters report. The auction for Petro-Canada’s lubricants business has attracted other companies and private equity […]

October 24, 2016