Martin Midstream MMLP Divests Mega Assets to Stone Oil
Martin Midstream Partners L.P. MMLP announced the divestment of some of the assets related to its Mega Lubricants (or Mega) onshore terminals business to John W. Stone Oil Distributor, LLC, (“Stone Oil”) in a $22.4-million deal.
As an integrated manufacturing and delivery business, Mega Lubricants is actively engaged in blending, producing and offering a variety of marine application lubricants, sub-sea specialty fluids, and privately-developed commercial as well as industrial products. Moreover, it has high flexibility to manage growing customer demand for tank storage and warehouse requirements.
Stone Oil has been involved in the marine fuel and the lubricant distribution business for almost 75 years, with trading operations along the lower Mississippi River and the Gulf of Mexico. Importantly, the acquisition of Houston-based Mega is expected to expand Stone Oil’s ongoing distribution and delivery operations as they
Martin to head Mercy Ships International charity tylerpaper.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tylerpaper.com Daily Mail and Mail on Sunday newspapers.
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Ruben Martin, Owner and Chief Executive of Martin UAV, Elected Chairman of Mercy Ships International s Board Of Directors
Owner and Chief Executive of Martin UAV, LLC Ruben Martin has been elected Chairman of the Board of Directors of Mercy Ships International, a global healthcare charity.
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PLANO, Texas, Dec. 17, 2020 /PRNewswire/ Ruben Martin, Owner and Chief Executive of Martin UAV, has been elected Chairman of the Board of Directors of Mercy Ships International ( MSI ), effective Jan. 1, 2021. Mercy Ships is a global healthcare charity that, through a fleet of first-class hospital ships, provides free medical and healthcare services to the world s most disadvantaged peoples. Martin succeeds Myron E. Ullman, who also announced his retirement separately after serving in the role for nearly 20 years.