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Stock impact report

Valvoline to Acquire Great Canadian Oil Change, its First International Quick-Lube Acquisition

Valvoline Inc. (VVV) 
Last valvoline inc. earnings: 2/3 05:00 pm Check Earnings Report
Company Research Source: Business Wire
Great Canadian Oil Change, which has 73 franchised stores in five Canadian provinces, will become Valvoline’s largest quick-lube brand in Canada LEXINGTON, Ky.--(BUSINESS WIRE)-- Valvoline Inc. (NYSE: VVV), a leading worldwide supplier of premium branded lubricants and automotive services, today announced that it has signed a definitive agreement to acquire the business assets of Great Canadian Oil Change, which franchises 73 quick-lube stores in five Canadian provinces, primarily in British Columbia and Saskatchewan. The acquisition is expected to be completed within 60 days. Financial terms were not disclosed. Great Canadian Oil Change, based in Chilliwack, British Columbia, was founded in 1978 and is the third largest quick-lube system in Canada. The acquisition will expand Valvoline’s existing quick-lube network to more than 1,200 company-owned and franchised locations. “Growing Show less Read more
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