RelaDyne has acquired Jasper Oil, a provider of a full line of petroleum-based products ranging from lubricants, oils to hydraulics and fuels based in Jasper, Alabama. Previously a wholly-owned subsidiary of Drummond Co. Inc., Jasper Oil provides all petroleum-based products needed for mining operations.
RelaDyne provides lubricants, fuel, diesel exhaust fluid (DEF), and industrial reliability services to the market. This acquisition builds upon RelaDyne's strong geographic presence in Alabama and further solidifies its existing service capabilities in the mining industry, according to the company.
Jasper Oil is a regional lubricant and fuel distributor in Alabama. As part of RelaDyne, Jasper Oil will enhance RelaDyne's distribution capabilities and provide increased operating efficiency for RelaDyne's existing Southeast regional operations. Jasper Oil will also strengthen RelaDyne's existing relationship with it branded lubricants partners and provide a strategic evolution to future organic growth.
"The sale of Jasper Oil is in line with our corporate strategy of divesting non-core assets, but more importantly the strategic merits of the combination with RelaDyne is a true win-win scenario for our operations and our incredible team of employees," said John Coffey, chief administrative officer of Drummond Co. "With RelaDyne's existing Alabama operations and breadth of products and services, we expect Jasper Oil will integrate seamlessly with the RelaDyne team."
"We are excited to add Jasper Oil to the RelaDyne team, especially using their talents to complement our team in the Alabama region," said Larry Stoddard, RelaDyne president and CEO. "We are confident we will offer new opportunities for Jasper Oil's customers and associates as they become a part of RelaDyne."