Prista Oil acquires Chevron Czech Republic

Bulgaria’s lubricants producer Prista Oil has acquired Prague-based Chevron Czech Republic s.r.o. , as part of its strategy to expand in Central and Eastern Europe. The amount of the transaction was not disclosed.
As part of the deal, Prista Oil will continue to develop the Texaco brand over the next five years, Prista said in a press release.
“Our partnership with Chevron is a key element of Prista Oil’s business strategy for growth and promotion of the company’s multibrand strategy,” Plamen Bobokov, president of Prista Oil’s board of directors, said in a company statement.
“Our plans are to strengthen this partnership to cover more of Prista Oil’s major markets by the end of the year.”