Gulf Oil Lubricants scouts for acquisitions in Latin America, SE Asia

Mumbai-based Gulf Oil Lubricants , part of the Hinduja Group, plans to re-enter the US and Mexico markets in 2027. The company is scouting for acquisition targets in South America and Southeast Asia to bolster its global presence and has engaged banks to identify potential opportunities.Gulf Oil Lubricants operates in the consumer, commercial, and industrial segments. Following a master-licensing arrangement that covers 11 US states, the company intends to expand its footprint in that market, from which it was excluded after its 1984 acquisition from Chevron. Gulf Oil International currently operates facilities in Argentina and Brazil, with developments in Chile, Paraguay, and Bolivia. Its marine lubricants division now serves more than 1,000 ports worldwide.The group is also weighing a global listing for Gulf Oil International within the next three to five years.