Calumet Specialty Products Partners LP has signed a long-term distribution agreement with SIP Specialty Oils and Fluids to distribute Calumet naphthenic base oils in Europe.
The agreement will broaden Calument’s footprint in Europe for its range of naphthenic base oils. Under the terms of the agreement SIP will market, sell, warehouse, and support the full Calumet product portfolio of naphthenic products with immediate effect.
Calumet has also authorized SIP to sell their range of paraffinic base oils, solvents, and esters in Europe.
“We are incredibly excited about this recent agreement with SIP Specialty Oils and Fluids, as our organizations are very much aligned in our goals and values. We look forward to providing customers in Europe with our high-quality naphthenic base oils leveraging the excellent reputation of our new partner, SIP Specialty Oils and Fluids,” said Calumet International Sales Director John Soanes.
“SIP is delighted to have reached this agreement with Calumet. We see an increasing interest from our customers in supply security for naphthenic oils and a keen interest to diversify their supplier base for this product segment, and with our 30 years of experience in EMEA we are well placed to support these customers,” said Tobias Tasche, SIP managing director.
Headquartered in Indianapolis, Indiana, U.S.A., Calumet Specialty Products Partners, L.P. manufactures, formulates, and markets a diversified slate of specialty products to customers in a broad range of consumer-facing and industrial markets. It operates 12 facilities throughout North America.
SIP Limited is an independent marketer of specialty oils, fluids and additives, with headquarters in London, UK, and a storage and distribution hub in Antwerp, Belgium.