Maximus International's wholly owned subsidiary (WOS) situated in UAE - Maximus Global FZE, has decided to acquire 49% stake in Pacific Lubricants LLC, subject to necessary process and compliance. With this acquisition, the WOS will enjoy overall control over the operations of Pacific Lubricants LLC.
Pacific Lubricants LLC, an ISO 9000 company is engaged in manufacturing/production of Industrial, Specialty and Automotive lubricants at its plant in UAE. Maximus Global FZE is acting as a marketing and distribution company for the said products and hence it has been felt that this acquisition would be in overall interest of the company and thereby add to its performance and profitability.
Maximus International is primarily engaged in the business of importing and exporting lubricant oils, different types of base oils and other chemical products used mainly in the Automobile Industry, Power Industry and Metal manufacturing among others.