HF Sinclair to Acquire Industrial Oils Unlimited for $38 Million
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HF Sinclair Corporation's Lubricants & Specialties business is set to acquire Industrial Oils Unlimited, LLC for $38 million, including $15 million in working capital. The acquisition aims to enhance HF Sinclair's segment, boost innovation, and strengthen its U.S. market strategy. The deal is expected to close in Q1 2026, with a 2027 EBITDA multiple of 3.5x after synergies.
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