Shell Completes Acquisition of Indian Lubricants Company Raj Petro Specialities

Shell Lubricants has completed its acquisition of a 100% equity interest in Raj Petro Specialities Pvt. Ltd. from the Brenntag Group, the company announced Monday. The transaction was finalized on July 1, 2025.

The acquisition positions Shell to expand its customer base in India's power transmission, personal care and pharmaceutical sectors. Shell identified India as a key growth market for its lubricants business and expects the deal to create new synergies across its lubricants value chain.

"The addition of Raj Petro Specialities will help maximise value for Shell through a complementary product portfolio and increased scale of business, positioning Shell Lubricants for further growth," said Jason Wong, Shell's Executive Vice President for Global Lubricants.

Raj Petro Specialities operates as a petrochemical manufacturing and marketing company with business partners in approximately 100 countries. The company has been in operation for eight decades and provides products across multiple industries including power and energy, construction and mining, automotive, agriculture, and general engineering sectors.

Shell currently holds the position as the leading global supplier of finished lubricants, a distinction it has maintained for 18 consecutive years according to Kline & Company's 2023 Global Lubricants Market Analysis report. The company distributes lubricants in over 100 countries worldwide.

The seller, Brenntag Group, is a Germany-based global market leader in chemicals and ingredients distribution. Financial terms of the transaction were not disclosed in the announcement.

The acquisition represents Shell's continued focus on expanding its lubricants operations in emerging markets as the company seeks to diversify its portfolio and capture growth opportunities in the sector.