Stanley Oil and Lubricants files chapter 11 bankruptcy

[97prizm]

According to a few articles Stanley oil and Lubricants has filed chapter 11 bankruptcy after failing to "The automobile, industrial, and marine lubricants and fluids provider files Chapter 11 bankruptcy after losing a preliminary injunction decision." It said that I think they were $10-12 million in debt with very little capital. I thought they were a fairly large company that blended oils and Lubricants for a number of companies? Is this going to happen to more refining companies in the future? Thoughts?

 

[I<3oil]

@Foxtrot08

Worth it to buy them up?

 

[Foxtrot08]

@Foxtrot08

Worth it to buy them up?

Nothing to buy. They’re also being sued for counterfeiting stuff.


Besides. My big deal should be hitting jobbers world sometime soon ish.

 

[I<3oil]

Nothing to buy. They’re also being sued for counterfeiting stuff.


Besides. My big deal should be hitting jobbers world sometime soon ish.

Ouchtown, pop. them

Oh snap, wassah....any deets yet?

 

[Foxtrot08]

Ouchtown, pop. them

Oh snap, wassah....any deets yet?

Major brand re-alignment and expansion.

 

[I<3oil]

Major brand re-alignment and expansion.

So you got into bed with the Saudis is what I’m hearing

 

[Foxtrot08]

So you got into bed with the Saudis is what I’m hearing

Opposite way…