Whitmore and shell lubricants announce definitive agreement to form joint venture to provide industrial products and services to north america rail and united states mining customers

Dallas, jan. 22, 2021 (globe newswire) -- csw industrials, inc. (nasdaq: cswi) and pennzoil-quaker state company dba sopus products (“shell”), a wholly owned subsidiary of shell oil company that comprises shell's united states (“u.s.”) lubricants business, announced today the execution of a definitive agreement under which whitmore manufacturing, llc (“whitmore”), a wholly owned subsidiary of cswi, and shell will form a joint venture (“jv”) to market, distribute, and sell lubricants, greases, coolants, reliability products, and related industrial services to the north america rail and u.s. mining sectors. the jv, which will be named shell & whitmore reliability solutions, llc, is expected to be owned fifty percent by each of whitmore and shell.
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