HF Sinclair completed the IOU acquisition, expanding its U.S. lubricants platform, strengthening regional manufacturing, and supporting long-term growth strategy.
HF Sinclair Corporation’s Lubricants & Specialties business has successfully finalized its previously announced acquisition of Industrial Oils Unlimited, LLC, widely known as IOU. The transaction was formally completed on January 8, 2026, after all required regulatory approvals and customary closing conditions were fulfilled, marking an important milestone in the company’s broader growth and diversification strategy within the lubricants and specialty fluids segment.
IOU is headquartered in Tulsa, Oklahoma and has built a strong reputation over several decades as a reliable supplier of industrial lubricants, process oils, and specialty fluid solutions. The company is recognized for its deep technical expertise, customer-centric approach, and well-developed regional manufacturing footprint. Its facilities are designed to support consistent quality, flexibility in formulation, and timely delivery—capabilities that are increasingly critical as customers demand customized products and dependable supply chains.
By bringing IOU into its Lubricants & Specialties portfolio, HF Sinclair significantly strengthens its ability to serve a wide range of industrial and commercial customers across the United States. The acquisition complements existing product lines while expanding the company’s reach into specialized applications where performance, reliability, and long-term customer relationships are essential. IOU’s established presence in key regional markets also provides an effective platform for accelerating national expansion and capturing new growth opportunities.
With the transaction now complete, HF Sinclair has assumed full operational responsibility for IOU’s assets, including manufacturing operations, customer relationships, and experienced workforce. The company has emphasized its commitment to continuity, ensuring that existing IOU customers continue to receive the same high levels of service and product quality they expect. At the same time, the integration is expected to unlock operational synergies, streamline processes, and enhance innovation across the combined lubricants platform.
Strategically, the acquisition aligns with HF Sinclair’s long-term objective of building a more resilient, diversified downstream business. The lubricants and specialties segment is viewed as an attractive growth area due to its relatively stable demand, higher value-added products, and closer customer engagement compared to traditional fuels. IOU’s specialty formulations and regional manufacturing strength are anticipated to play a key role in supporting this strategy, particularly as industrial customers seek reliable domestic suppliers amid evolving market conditions.
Looking ahead, HF Sinclair plans to invest in the continued development of the acquired business, leveraging its broader scale, supply capabilities, and commercial reach to support growth. This includes exploring opportunities to expand product offerings, enter new geographic markets, and enhance technical support services. The integration of IOU is expected not only to broaden the lubricants portfolio but also to reinforce the company’s position as a dependable partner for industrial customers seeking consistent quality and long-term value.
Overall, the closing of the IOU acquisition represents a meaningful step forward in HF Sinclair’s effort to strengthen its Lubricants & Specialties business, combining established regional expertise with national scale to drive sustainable growth and customer-focused innovation.
