Phillips 66 to acquire Spectrum - Modern Distribution Management

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Phillips 66 to acquire Spectrum

Acquisition to expand Phillips 66s access to specialized global lubricants markets.
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Phillips 66 (NYSE: PSX), Houston, TX, an energy manufacturing and logistics company, has agreed to acquire Spectrum Corp., a specialty lubricants company based in Memphis, TN.

Spectrum is an independent blender, packager and marketer of specialty lubricants including two-cycle engine oil, small engine oil and hydraulic oil.

Spectrum is owned by Dominus Capital, L.P.

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