Business · Companies · 8 hrs ago
Gulf Oil plans 2027 returns to Mexico and the US
Gulf Oil Lubricants plans to return to Mexico and enter the US in 2027 as it expands internationally.
The Hinduja Group-owned company plans to enter the US through a licensing deal covering 11 states, with talks under way about other states.
The US was excluded from the Hinduja family’s 1984 acquisition of the Gulf brand from Chevron.
The company is also seeking acquisitions in South America and Southeast Asia, and has appointed banks to find possible targets.
Gulf Oil International already has facilities in Argentina and Brazil and is developing operations in several other South American markets.
A global listing is being considered within three to five years, but the venue and timing have not been decided.
In India, Gulf Oil Lubricants plans to spend ₹55 crore to expand capacity at two plants by 70%.
Gulf Oil Lubricants plans to return to Mexico and enter the US market in 2027.
The US entry is planned through a master-licensing arrangement covering 11 states.
The Hinduja Group-owned company is also scouting acquisitions in South America and Southeast Asia.
Gulf Oil International is considering a listing in the next three to five years, but its venue and timing have not been decided.
- Who
- Gulf Oil Lubricants, owned by the Hinduja Group.
- What
- It plans to return to Mexico and enter the US market in 2027.
- When
- 2027.
- Where
- Mexico and the US; the planned US arrangement covers 11 states.
- Why
- The company is accelerating its international expansion.
This story does not have two clearly opposing sides.
The Hinduja family acquired Gulf from Chevron Corp, with the US excluded under the acquisition arrangement.
Gulf Oil Lubricants plans to return to Mexico and enter the US through a master-licensing arrangement covering 11 states.
Gulf Oil International intends to list, although the venue and timing have not been decided.
- Planned return to Mexico
- 2027
- Planned US entry
- 2027
- US licensing coverage
- 11 states
- Potential global listing
- In the next three to five years
- Acquisition search regions
- South America and Southeast Asia
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