Dryden Oil Company
Brand
The father-and-son owners of Baltimore-based Dryden Oil Co. announced yesterday that they have agreed to sell the nearly 100-year-old manufacturer of industrial lubricants to Castrol Inc., a Wayne, N.J., subsidiary of a British company, Burmah Castrol PLC.
Dryden and Castrol stressed that the merger will strengthen both companies, which are in different segments of the lubricants market. Castrol markets petroleum products for light industrial uses, metalworking, and automobiles. Dryden's strength is in heavy industrial lubricants.
Subject ID: 45274
MoreThe father-and-son owners of Baltimore-based Dryden Oil Co. announced yesterday that they have agreed to sell the nearly 100-year-old manufacturer of industrial lubricants to Castrol Inc., a Wayne, N.J., subsidiary of a British company, Burmah Castrol PLC.
Dryden and Castrol stressed that the merger will strengthen both companies, which are in different segments of the lubricants market. Castrol markets petroleum products for light industrial uses, metalworking, and automobiles. Dryden's strength is in heavy industrial lubricants.
Dryden Oil Co. said yesterday that it will change its name to Castrol Heavy Duty Lubricants Inc..
Dryden was purchased by Great Britain's Burmah Castrol PLC in 1991. Now, as Dryden plans westward expansion, it wants a name with national recognition.
"The Castrol brand name is the only way to do that," said Dryden President and Chief Executive Officer Jeff Farley. "Dryden is predominantly known east of the Mississippi River."
Subject ID: 45274
Subject ID: 45274
