On March 8, Cincinnati, Ohio-based lubricants distributor RelaDyne announced that it has acquired Grupo Lucalza, a distributor of lubricants and fuel in Latin America, including Lucalza’s subsidiaries Imporfil, located in Mexico, and Texpetrol, located in Guatemala.
Financial terms of the deal were not disclosed.
Grupo Lucalza, which operates in six countries and has more than 750 employees, has extended its geographic reach to several countries in the region, including Mexico, Nicaragua, Panama, Dominican Republic and Guatemala.
Grupo Lucalza’s Mexican subsidiary Imporfil distributes lubricants, greases, antifreeze and filters to a diverse set of industries in 12 states with 19 branches. Texpetrol is a Grupo Lucalza company in Guatemala that distributes bulk fuels for aviation, retail, and industrial sectors, according to the announcement.
“We are thrilled to become a part of RelaDyne,” said Guillermo Méndez, CEO of Grupo Lucalza. “This partnership will allow Grupo Lucalza to learn about the best practices in operation, commercialization, and services, strengthening and further developing the territories we currently operate in Mexico, Central America, and the Caribbean, serving as a platform for future growth for our associates, customers, and strategic supply partners.”
It’s RelaDyne’s first announced M&A deal since June 2022, when it acquired Orange Line Oil Company, Inc., a bulk oil wholesaler and distributor serving the Southern California region. The company also acquired Mid-Atlantic distributor PPC Lubricants in September 2021.