Topic: How To Invest

Spinoffs & Takeovers Hotline – Friday, October 22, 2021

Article Excerpt

VALVOLINE INC., $35.28, symbol VVV on New York, is a leading provider of automotive services and a marketer and supplier of premium branded lubricants. Established in 1866, the company introduced the world’s first branded motor oil. Today, it has more than 1,595 Valvoline Instant Oil Change quick-lube locations across the U.S. and Canada. They serve both passenger cars and light trucks. The size of that network makes the company the second-largest chain by number of locations in the U.S. and the third largest in Canada. Valvoline also sells the Valvoline brand of motor oil and other lubricants worldwide. This business sells lubricants and other automotive and engine maintenance products primarily to automotive retailers, installers, and original equipment manufacturers (OEMs). Valvoline is also the world’s No. 1 supplier of battery fluids to electric vehicle (EV) manufacturers, offering tailored products to help extend vehicle range and efficiency. Within the U.S., Valvoline is the number three branded motor oil in the Do-It-Yourself market by volume. In…