Universal Lubricants announced its acquisition of Midstate Environmental Services, a Robstown, Texas-based full-service environmental business that focuses primarily on processing used oil for thousands of clients throughout Texas, New Mexico and Louisiana.
Midstate says it will continue to operate under its own name, but its employees and facilities will be integrated into Universal Lubricants’ existing operations. Universal says the acquisition, terms of which were not announced, will expand the size and scale of its market presence while helping position the company for additional future growth. The acquisition adds eight facilities and expands the company’s reach to 16 states.
“The Midstate acquisition is another step in UL’s strategic plan to become one of America’s premier providers of top-quality lubricants using re-refined base oils,” says John Wesley, UL chief executive officer. “Today’s announcement also demonstrates that the environmental and economic forces driving our company are real. UL is growing to meet the demand in the marketplace for our products and services.”
“With Midstate’s collected used oil representing additional feedstock for new re-refineries, the acquisition pushes UL to the forefront of the re-refining and lubricants industry,” says Joe Hedrick, owner of Midstate Environmental Services. “All of Midstate’s employees are proud to become a part of the UL family. While we look forward to serving our existing customers, we also look forward to the continued expansion and success that will result from the partnership.”
