VVV - Valvoline expands quick-lube network through acquisition
Valvoline (VVV) plans to acquire 33 quick-lube service centers in Idaho, Missouri and Kansas in two separate acquisitions. The company to purchase L & F Enterprises, 12 quick-lube service centers in the Boise, Idaho area.The Einstein's Oilery service centers will be rebranded as Valvoline Instant Oil Change after closing of the transaction.The company to acquire franchisee Westco Lube 21 existing VIOC service centers in the greater Kansas City area and in Topeka and Wichita, Kansas.Both acquisitions are expected to close in early Q1 FY21.Financial terms for the acquisitions were not disclosed. Source: Press Release
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Valvoline expands quick-lube network through acquisition