Highlander Partners L.P., a middle-market private investment firm based in Dallas, TX, has announced that it has completed the previously announced acquisition of Valvoline’s car-care product assets from Ashland Inc. Highlander will acquire the assets, including the manufacturing and distribution facilities in Hernando, MS, through Niteo Products LLC, a newly formed affiliate. The car-care products include the following brands:
Car Brite — professional automotive reconditioning products sold through the Do-It-For-Me (DIFM) channel
Eagle One — professional-caliber consumer detailing products sold through the Do-It-Yourself (DIY) channel
Pyroil — a full line of automotive maintenance and performance chemicals
Also included in the sale are Valvoline-branded and private-label maintenance chemicals sold into the DIY channel. The approximately 140 employees who work in car-care products, including approximately 120 based at the manufacturing and distribution facilities in Mississippi, will join Niteo.