Repsol Lubricants has acquired a 44% stake in Valtec Lubricants SRL and formed a joint venture with Valtec B.V. Through this deal, Repsol takes another step in its expansion strategy, with the new company as its partner in Romania, Bulgaria, and Serbia. The deal also includes a distribution contract for 14 other countries in Central and Eastern Europe. The company will be Repsol’s partner throughout the region.
The partnership is based on a long-standing relationship between the two companies. Valtec, with a logistics center in Bucharest, has been an exclusive distributor of Repsol Lubricants and serves several countries in the region, with importance in Romania and Bulgaria. Valtec’s plan is to increase sales volume over the next 4 years. To achieve this, the strategy prioritizes promoting the quality products in the automotive portfolio, especially motor oils for passenger cars and motorcycles, and developing the spare parts channel and the B2B segment. Also included in the deal is a significant improvement in logistics efficiency throughout the network and the establishment of local manufacturing agreements when they provide a competitive advantage.
“This operation strengthens our ambition for international growth and brings us even closer to professional and industrial customers in the region, with a differential value proposition based on technology, quality, and service. The combination of Valtec’s local knowledge and Repsol’s capabilities will accelerate the capture of opportunities in priority markets,” said Clara Velasco, Director of Repsol Lubricants.
Repsol Lubricants Joins Forces with Valtec Lubricants.
SOURCE | REPSOL
“We have been developing a relationship of trust with Repsol for more than a decade. This step naturally allows us to gain speed, expand our offer, and raise the level of service to our network and customers in 17 countries,” said John Roskott, CEO of Valtec Lubricants. .