Lubrication Technologies Acquires JM Oil Company’s Lubricants & Fuel Divisions

Golden Valley, MN - March 7, 2012 Lubrication Technologies, Inc. (“Lube-Tech”), the Midwest’s leading distributor of lubricants, fuels, chemicals and oil recycling services, announces that it has acquired certain assets of JM Oil Company, a St. Cloud, MN based distributor of Chevron and Petro Canada branded lubricants.

JM Oil has serviced the St. Cloud and Central Minnesota markets for over three decades. The company was founded by Jim Moores on the values of family, hard work and service beyond expectation.  While the lubricant side of the business will transition to Lube-Tech, JM Oil will continue servicing the region with its SpeedStop business.

“Our customers, employees and community have made us what we are today and for that we are grateful,” commented Mike Moores, CEO and President of JM Oil. “It has been a great ride, and though change is inevitable, we are confident that our customers are in extremely capable hands with Lube-Tech.”

Lube-Tech will maintain the St. Cloud facility and most JM Oil employees will stay on with Lube-Tech, including Scott Finken who will be Lube-Tech’s St. Cloud Division Manager.

A third-generation company, Lube-Tech is comprised of many of the strongest family-owned lubricant companies in Minnesota, dating back to 1925. Already a distributor of Chevron lubricants, customers will continue to receive the same high quality products and service levels they’ve come to expect from JM Oil.  In addition, Lube-Tech also carries several major brands including Mobil, Kendall, Houghton, Lubriplate and its own house brand, Lube-Tech Endurance. Beyond product, Lube-Tech offers recycling services, oil analysis, equipment installation and maintenance.

Remarked Chris Bame, Lube-Tech President and CEO, “We promise to deliver improvements to our customers’ bottom line – and we never stop working to keep improving that. We look forward to getting to know JM Oil’s customers and continuing those relationships for generations to come.”

About Lube-Tech

Since 1925, Lubrication Technologies and its founding companies have demonstrated an employee-first, customer-focused approach. As the Midwest’s leading provider of lubricants, fuels, chemicals and recycling services, Lube-Tech’s mission is to make tomorrow a little better than today for its employees, customers and community. It does that by delivering unmatched customer service. For more information, visit our About Us page.

About JM Oil

Jim Moores founded JM Oil in1977. A licensed agent for Amoco Oil Co. at the time, JM Oil focused on providing tank wagon fuel supply to home, farm and commercial accounts in and around the St. Cloud area. What started as a small operation quickly grew to include lubricants and a full line of  SpeedStop convenience stores. Today, Mike Moores carries on the family tradition and the company’s philosophy of delivering high quality products at an affordable price. JM Oil is headquartered in St. Cloud, Minnesota.