Shell Lubricants Expands Reach with Raj Petro Specialities Acquisition

Shell Lubricants has finalized the acquisition of Raj Petro Specialities, thereby enhancing its lubricants portfolio. This move aims to solidify Shell's presence in India—a key growth market. The acquisition also seeks to create synergies and economies of scale in the lubricants industry.

Shell Lubricants has completed the acquisition of Raj Petro Specialities, boosting its lubricants portfolio and expanding its market presence. The company announced on Tuesday without revealing the financial specifics of the deal.

This acquisition involves gaining full equity interest from the Brenntag Group, positioning Shell to focus on growing its portfolio and customer base in India, a key market for future expansion.

With Raj Petro's capabilities in manufacturing and diverse product range, Shell aims to maximize value by achieving synergy and economies of scale in the lubricants value chain, benefitting multiple sectors including power transmission, personal care, and pharmaceuticals.

(With inputs from agencies.)