By Chris Wack

 

CSW Industrials Inc. said Friday its Whitmore Manufacturing subsidiary is forming a joint venture with Pennzoil-Quaker State Co., a wholly owned subsidiary of Shell Oil Co. that comprises Shell's U.S. lubricants business.

The joint venture will market, distribute, and sell lubricants, greases, coolants, reliability products, and related industrial services to the North America rail and U.S. mining sectors. The venture will be named Shell & Whitmore Reliability Solutions LLC, and is expected to be owned 50% by each Whitmore and Shell.

The joint venture will offer multi-sector expertise; advanced equipment technologies and services; and an integrated product portfolio for companies engaged in North America Class I, II, and III rail and U.S. mining.

The venture will be staffed by Whitmore and Shell sales and technical professionals.

 

Write to Chris Wack at chris.wack@wsj.com

 

(END) Dow Jones Newswires

January 22, 2021 07:36 ET (12:36 GMT)

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