BREAKING NEWS

Valvoline completes acquisition of Oil Changers in Canada

Valvoline Inc. (NYSE: VVV), a leading worldwide supplier of premium branded lubricants and automotive services, today said that it has completed the previously announced acquisition of the business assets of Oil Changers Inc., which has 31 franchised quick lube centers in Ontario. The Oil Changers quick lube centers will be rebranded over time as Great Canadian Oil Change.

The acquisition expands Valvoline's existing quick lube network to approximately 1,270 company-owned and franchised locations in North America.

"Growing and strengthening our quick lube network through organic store expansion and high-quality acquisitions continues to be a key growth strategy for the company and I'm very pleased with the progress we've made in the past two years since becoming an independent company," said Sam Mitchell, chief executive officer.

"The acquisition of Great Canadian Oil Change in July gave us a solid foundation to expand our footprint outside of the U.S. Oil Changers is an exceptionally well-run operation, with a reputation for excellent customer service in Ontario. We look forward to working with Oil Changers' franchisees to grow their business, add more locations and expand the scale and presence of Valvoline's Great Canadian Oil Change brand in Canada."

About Valvoline™
Valvoline Inc. (NYSE: VVV) is a leading worldwide marketer and supplier of premium branded lubricants and automotive services, with sales in more than 140 countries. Established in 1866, the company's heritage spans over 150 years, during which it has developed powerful brand recognition across multiple product and service channels. Valvoline ranks as the No. 3 passenger car motor oil brand in the DIY market by volume. It also operates and franchises the No. 2 quick lube chain by number of stores in the United States with more than 1,170 Valvoline Instant Oil ChangeSM centers and the No. 3 quick lube chain by number of stores in Canada with more than 100 Great Canadian Oil Change locations. It also markets Valvoline lubricants and automotive chemicals, including the new Valvoline™ Modern Engine Full Synthetic Motor Oil, which is specifically engineered to protect against carbon build-up in Gasoline Direct Injection (GDI), turbo and other engines manufactured since 2012; Valvoline High Mileage with MaxLife technology motor oil for engines over 75,000 miles; Valvoline Synthetic motor oil; and Zerex™ antifreeze. 

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