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LEXINGTON, Ky., April 27, 2021 /PRNewswire/ Valvoline Inc. (NYSE: VVV), a leading worldwide supplier of premium branded lubricants and automotive services, announced today that it has signed a definitive agreement with its franchisee AWC Premium Automotive Service Ltd. to acquire 16 franchise-owned Valvoline Instant Oil Change
SM (VIOC) quick-lube service centers located in metro Dallas and east Texas. The acquisition is expected to close during the third quarter of fiscal 2021. Financial terms for the acquisition were not disclosed. A core element of Valvoline s business strategy is to continue to grow and strengthen our industry-leading quick-lube network through organic store expansion and high-quality acquisitions in our core and new markets, said Tony Puckett, senior vice president and president, Valvoline Quick Lubes. Bill Cavalle, owner of AWC Premium Automotive Service Ltd., has been instrumental in establishing the Valvoline b
Valvoline Expands Company-Owned Quick-Lube Network with Acquisition of 16 Service Centers in Texas
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Valvoline Expands Company-Owned Quick-Lube Network with Acquisition of 16 Service Centers in Texas
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Valvoline to Report Financial Results for Second Quarter 2021 on April 28 and Host Webcast on April 29
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LEXINGTON, Ky., April 15, 2021 /PRNewswire/ Valvoline Inc. (NYSE: VVV), a leading worldwide supplier of premium branded lubricants and automotive services, today announced that it plans to report financial results for its fiscal second quarter after market close on April 28, 2021, and host a live audio webcast with analysts and investors at 9 a.m. ET on April 29, 2021.
The webcast and slide presentation will be available on the company s Investor Relations website at http://investors.valvoline.com. Shortly after the call concludes, a replay of the webcast will be available on this same website.