RICHMOND, Va.--(BUSINESS WIRE)--Afton Chemical Corporation is pleased to announce the completion of its previously announced acquisition of Aditivos Mexicanos, S.A. de C.V. (AMSA), a petroleum additives manufacturing, sales and distribution company based in Mexico City, Mexico. The transaction closed on July 3, 2017, following the approval by the Mexican Federal Economic Competition Commission (Comisión Federal de Competencia Económica, COFECE).
“We are excited to welcome the AMSA team into the Afton family. Adding AMSA to Afton’s global operations will help us bring new value added solutions to our customers worldwide,” said Rob Shama, Afton Chemical’s President. “We plan to manufacture a complete range of petroleum additives for our customers in Mexico and throughout Latin America. We will also supply our other blending locations with components from the AMSA site,” said Shama.
The transition of AMSA into Afton will begin immediately. Customers in Mexico will shortly receive details explaining how the integration efforts will improve the service they can expect from Afton.
The acquisition complements and expands Afton’s current footprint in Latin America, which includes subsidiaries in Brazil, Mexico, Argentina and Venezuela.
About Afton Chemical Corporation
Afton Chemical Corporation is part of the NewMarket Corporation (NYSE: NEU) family of companies. Afton Chemical Corporation uses its formulation, engineering and marketing expertise to help their customers develop and market fuels and lubricants that reduce emissions, improve fuel economy, extend equipment life, improve operator satisfaction and lower the total cost of vehicle and equipment operation. Afton Chemical Corporation develops and sells an extensive line of unique additives for gasoline and distillate fuels, driveline fluids, engine oils and industrial lubricants. Afton Chemical Corporation supports global operations through regional headquarters located in Asia Pacific, EMEAI, Latin America and North America. Afton Chemical Corporation is headquartered in Richmond, Virginia. For more information, visit www.aftonchemical.com.
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