Pochteca signs agreement to acquire Shell’s lubricants plant in Leon City

Mexico’s Grupo Pochteca S.A.B. de C.V. has signed an agreement to acquire the lubricants plant of Shell in León City, in north-central Guanajuato state. A technology transfer agreement will enable Pochteca to manufacture refrigerants and specialty cleaners. Shell will continue to supply products manufactured at the León plant through its distribution network and Pochteca will continue to distribute the Shell and Pennzoil brands in Mexico. (April 10, 2012)