VVV - Valvoline purchases remaining 50% interest in VCA Solutions JV from former partner
Vehicle care company Valvoline (NYSE:VVV) purchased the remaining 50% interest in its joint venture, VCA Solutions, from its former JV partner, effective May 1. VCA Solutions, a distributor of automotive batteries and battery testing equipment, was created in 2019 through an exclusive partnership between VVV and automotive lead-acid and AGM batteries supplier, Club Assist. Shares were trading +3.09% post-market. Source: Press Release
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Valvoline purchases remaining 50% interest in VCA Solutions JV from former partner