SOURCE: Universal Lubricants

Universal Lubricants

November 04, 2013 10:43 ET

Universal Lubricants Sells Four Branches of Its Subsidiary RS Used Oil Services to Heritage-Crystal Clean

Asset Sale Limited to Service Routes in Indiana, Ohio, Wisconsin and Northern Illinois

WICHITA, KS--(Marketwired - Nov 4, 2013) - Universal Lubricants® (www.universallubes.com), a recognized leader in environmental services and the manufacturing and distribution of quality proprietary lubricants, today announced that is has closed an asset purchase agreement to sell four RS Used Oil Services locations to Heritage-Crystal Clean LLC (http://www.crystal-clean.com/). RS Used Oil Services is a subsidiary of Universal Lubricants.

The divested operations, located in Monee and Spring Grove, Ill., Carmel, Ind., and in Middletown, Ohio, provide used oil collection, and wastewater and solid waste removal services. Universal Lubricants will retain its presence in these areas for new oil and lubricant sales and to manage large national accounts. It also continues to provide used oil collection and environmental services through both Universal Lubricants and RS Used Oil Services across the Midwest, including the St. Louis area, and Southern United States.

Universal Lubricants' CEO Jan Horsfall said the decision to divest the RS Used Oil assets came after a strategic review of all 36 company facilities located across the U.S.

"Universal Lubricants' future is bright," said Horsfall. "This move will allow us to focus on our primary geographic markets, which are in closer proximity to our state-of-the-art re-refinery in Wichita, Kansas. We will retain and grow our remaining 32 facilities throughout our Southern and Midwest regions, and build on our recent expansions in Texas and Louisiana."

Elgin, Ill.-based Heritage-Crystal Clean, which operates an oil re-refinery in Indianapolis, Indiana and is a provider of parts cleaning and waste services, plans to retain RS Used Oil Services employees to maintain the continuity of the business.

For more information about Universal Lubricants and its closed loop process, please visit www.universallubes.com

About Universal Lubricants®
Founded in 1929, Universal Lubricants is a driving force in used oil collection, base oil refining and distribution. Through its closed loop process, the company collects, re-refines, blends and re-distributes its own engine oils and lubricants -- never losing guardianship within the chain -- to ensure that every quart is of the highest quality for optimal performance. Universal Lubricants operates 32 facilities nationally, including one of the world's most technologically advanced re-refineries in Wichita, Kansas. For more information visit www.universallubes.com.

About Heritage-Crystal Clean
Heritage-Crystal Clean, Inc. ("HCCI") provides parts cleaning, used oil re-refining, and hazardous and non-hazardous waste services to small and mid-sized customers in both the manufacturing and vehicle service sectors. HCCI's service programs include parts cleaning, containerized waste management, used oil collection and re-refining, vacuum truck services, and waste antifreeze collection and recycling. These services help HCCI's customers manage their used chemicals and liquid and solid wastes, while also helping to minimize their regulatory burdens. HCCI's customers include businesses involved in vehicle maintenance operations, such as car dealerships, automotive repair shops, and trucking firms, as well as small manufacturers, such as metal product fabricators and printers. Through HCCI's used oil re-refining program, the company recycles used oil into high quality lubricating base oil, and is a supplier to firms that produce and market finished lubricants. Heritage-Crystal Clean, Inc. is headquartered in Elgin, Illinois, and operates through 74 branches serving over 93,000 customer locations.

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