Pennzoil-Quaker Acquires U.K. Air Freshener And Chemicals Businesses
11 April 2000
Pennzoil-Quaker State Company Acquires U.K. Automotive Air Freshener And Chemicals BusinessesHOUSTON, April 11 Pennzoil-Quaker State Company announced today that its wholly owned subsidiary, Pennzoil-Quaker State, Limited has signed a definitive agreement to acquire two automotive consumer products companies, Airfresh UK Limited and Bluecol Brands Limited, from U.K. based Armour Trust plc. The transaction is expected to close by April 30, 2000. Airfresh, based in Rugby, England, is a leading manufacturer, marketer and distributor of air freshener and fragrance products for the automotive aftermarket in the U.K. and France. "The acquisition of Airfresh UK Limited and Bluecol Brands represents another step towards our global vision of becoming consumers' first choice for automotive products and services that enhance the car and the driving experience," said Carlos Alcantara, president of international operations for Pennzoil-Quaker State Company. John Kegg, managing director of Pennzoil-Quaker State, Limited said, "This is an excellent opportunity to create significant growth and cost savings by combining Airfresh with our existing European Medo(R) brand air freshener business." Bluecol, based in Basingstoke, England, manufactures, markets and distributes branded antifreeze, glass cleaning products, rust treatments, cooling system treatments and exterior appearance products for the U.K. automotive aftermarket. Bluecol is the leading branded retail packaged antifreeze in the U.K. with a market share of 20 percent. Other leading U.K. brands within the Bluecol family include Nilco(R), Jenolite(R), Bars(R), Lacro(R) and Wizard(R) car care products. Pennzoil-Quaker State Company is a leading worldwide automotive consumer products company, marketing over 1,300 products with 20 leading brands in more than 50 countries. The company markets Pennzoil(R) and Quaker State(R) brand motor oils, the number one and number two selling motor oils in the United States. Jiffy Lube, a wholly owned subsidiary of Pennzoil-Quaker State Company, is the world's largest fast lube operator and franchiser. Pennzoil- Quaker State Company also markets a complete line of automotive car care products including Axius(TM) auto accessories, Blue Coral(R) and Classic(R) waxes and washes, Black Magic(R) and Westley's(R) tire and wheel care products, Fix-A-Flat(R) tire sealants, Medo(R) air fresheners, Rain-X(R) glass treatments, Gumout(R), Snap(R) and The Outlaw(R) maintenance chemicals and Slick 50(R) engine treatments. The company recently introduced Pennzoil Roadside(TM) Rescue(R) Emergency Fuel Additive, a safe, conveniently packaged emergency fuel additive that transports out-of-gas vehicles about 10 miles from the side of the road to safety.