Sunoco Inc. announced on Sept. 13 it would sell a significant portion of its lubricant assets, including the Kendall motor oil brand, and it will probably be sold for a good deal less than its net realizable worth as estimated by the company. The business lost $34 million in 1999 and $14 million in the first half of 2000. It employs about 600 people together in its Tulsa, Okla., lubricants-blending plant and its refinery in Yabucoa, Puerto Rico. Total assets in the lube business are worth roughly $350 million. Those assets include a refinery plant in Tulsa which will not be sold. A spokesman for Philadelphia-based Sunoco did not return calls by press time.
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