‘A real thirst for expansion and growth’ at Aztec Oils 

Derbyshirebased Aztec Oils recently completed the acquisition of the lubricant, pre-packaged fuel and contract packing business of Multispec Limited – formally Caldo Oils – for an undisclosed sum. 

Aztec Oils
(l-r) John Longstaff, BHP Corporate Finance; Andrew Fielder, Banner Jones; Mark Lord,  and Janis Hartshorne, Aztec Oils; Matthew Chenery, Barclays and Katie Ash, Banner Jones

Aztec Oils, which manufactures and distributes high performance lubricants to a wide range of industrial sectors, is fully committed to building long term relationships with an evergrowing number of world-wide customers.   
The terms of the acquisition will see Aztec procure Caldo’s manufacturing facilities at St Helens in Merseyside, along with distribution operations at Newton Abbot in Devon and Rhuddlan in North Wales.   
John Longstaff and John Warner from BHP Corporate Finance acted as lead advisors to Aztec Oils with tax advice being provided by Mark Cooper and Katherine Taylor.  Andrew Fielder and Katie Ash from Banner Jones provided legal advice. Funding for the transaction was delivered by Matthew Chenery from Barclays Bank. 
“This venture really excites us,” commented Mark Lord, Aztec’s managing director.  
It gives us a great opportunity to develop our retail packaged range, offering both Aztec’s branded products, whilst at the same time growing our private label offering.”  
“We are delighted to have advised Aztec on this strategic transaction,” added John Longstaff, director at BHP Corporate Finance. 
Caldo is a perfect fit and I am confident that Mark and the team at Aztec will maximise the benefit of the opportunities afforded to the enlarged group. 
“This acquisition will enable Aztec to further expand its offering to existing customers, as well as reach into new markets, with new products and an increasingly impressive geographic footprint,” said Andrew Fielder, director at Banner Jones. 
“We are pleased to have been able to support Aztec with its legal requirements throughout the transaction, and we wish the company every luck for the future of the business as it continues to grow.” 
Barclay’s Matthew Chenery went on to say: 
“It’s great to see Aztec Oils going from strength to strength, demonstrating a real thirst for expansion and growth.  We’re thrilled to be supporting this latest exciting acquisition which sets them up well to exploit future market opportunities”.