Advestra advises PANOLIN on the sale of its ECL business to Shell

Wholly-owned sub­si­di­ar­ies of Shell in Switzer­land, the UK, US and Sweden (Shell Switzer­land, Shell U.K., Pen­nzoil-Quaker State Com­pany and Shell Avi­ation Sweden) have entered into agree­ments to acquire the Envir­on­ment­ally Con­sid­er­ate Lub­ric­ants (ECLs) busi­ness of the PAN­OLIN Group.

The transaction includes the PANOLIN brand, ECL product formulations, intellectual property, technical expertise and technology, international customer base and portfolio of products – for hydraulics, gears, universal tractor transmission oils, biodegradable engine oils (HDEO), turbine oils, chainsaw oils and greases for machine lubrication, including leading OEM-approved products.

Following completion of the transaction, Shell will manufacture, distribute and market the PANOLIN portfolio of ECL products alongside its established Shell Naturelle branded products. The acquisition will strengthen Shell’s presence in the mining, construction, agriculture, renewable power, hydropower and offshore wind sectors.

Advestra has acted as Swiss leg­al coun­sel to PAN­OLIN in this trans­ac­tion. The team includes partner Beda Kaufmann (pictured), Thomas Reut­ter, Fabi­an Loretan, Levy Corba (all cor­por­ate/m&a), Laurent Ried­weg, Peter Ried­weg and Jan Selt­mann (tax).