COMMA SOLD TO BRAZILIAN CHEMICAL MANUFACTURER

Comma Oil and Chemicals has been sold by ExxonMobil to a Brazilian chemicals manufacturer for a sum “not exceeding $100 million.”

Cosan S.A. Industria e Comercio announced its intention to enter into the European chemicals market this week with the deal which is expected to be completed later this year.

Comma has until now been a wholly-owned subsidiary of ExxonMobil which also owns Esso.

Cosan’s management team has confirmed that there will be no change to the management structure. There are also no plans for any redundancies at Comma’s Kent HQ where 215 staff are employed.

Cosan also confirmed that all of Comma’s current contracts will continue as normal, and that the company will continue to trade using the Comma brand.

Executive Director for Cosan Nelson Gomes said: “Cosan is delighted at our successful purchase of this business. We will continue the ongoing, flawless operation of the Comma business by ensuring the highest standards. Comma will continue to offer automotive customers in the UK and export markets a wide range of first-class lubricants, seasonal and car care products.”

Gomes commented that in the coming years Cosan wants to diversify its business and expand internationally, and that means bringing its name to the UK market.

Comma’s production facilities offer a blending capacity of 60,000 litres per hour, while around 50 million litres of oil and chemicals are blended at the site each year. Comma has more than 600 different part numbers in its catalogue.

Published by Darrenmoss

CAT magazine's in-house reporter and self-confessed petrol head

SYNETIQ SOLD FOR £225m

US-based Insurance Automotive Auctions expands UK presence with auctioneer and dismantler

Read More

ECP TO DISH OUT £400 BATTERY TESTERS

Garages will need to hit battery sales targets if they want to keep the devices

Read More

FAI AUTOMOTIVE ACQUIRED FOR £27M

South Africa-based Motus Aftermarket Parts adds to its portfolio, Jonathan Alexander to remain CEO

Read More

NI BIENNIAL MOT OPPOSED

NFDA on NI MOT frequency change: “Not the correct solution to the issues currently facing the NI Testing Scheme”

Read More

BODYSHOP BOUGHT OUT IN PRE-PACK DEAL

AF Smart Repairs bought out of administration by existing management

Read More

Go to comments

Your email address will not be published. Required fields are marked *