The acquisition includes a blending plant and a robust distributor network
GP Global, the global energy-to-agriculture conglomerate, has acquired the lubricants assets of Grand Petroleum, Nigeria’s leading lubricants player and part of the Nosak Group, in order to expand and strengthen its presence in Nigeria and west Africa.
“Through local manufacturing and a strong distribution network in Nigeria, the acquisition will position us one of the fastest-growing global lubricants and base oil businesses,” remarked Sudip Shyam, Global Head- Lubricants & Base Oil, GP Global.
He added that GP Global is fully committed to supporting the local economy and will focus on unlocking the true potential of the lubricants and base oil business in the continent through this strategic acquisition.
“The advantage we gain in base oil trade will add to our market share. With this acquisition, we aim to grow our business of oil and agricultural products as well as build a strong retail network in Africa,” commented Ajay Pandey, COO, GP Global Nigeria.
GP Global will lead the operations of the newly acquired business with a strong team of Nigerians, several of them already part of the existing team.
The operations of the Nigerian company are certified by the Standards Organization of Nigeria as part of the MANCAP (Mandatory Conformity Assessment).
