PITTSBURGH, Jan. 21, 2026 /PRNewswire/ — Allegheny Petroleum Products, a leading U.S. manufacturer of specialty lubricants and fuel additives, announced that itPITTSBURGH, Jan. 21, 2026 /PRNewswire/ — Allegheny Petroleum Products, a leading U.S. manufacturer of specialty lubricants and fuel additives, announced that it

ALLEGHENY PETROLEUM PURCHASES MCNUTT OIL COMPANY WITH AN EYE TOWARD EXPANDING MANUFACTURING CAPABILITIES

2026/01/22 01:46
2 min read

PITTSBURGH, Jan. 21, 2026 /PRNewswire/ — Allegheny Petroleum Products, a leading U.S. manufacturer of specialty lubricants and fuel additives, announced that it has purchased McNutt Oil Company in Maryville, TN. Terms of the private sale will not be disclosed.

Operating since 1941, McNutt is a highly respected lubricant and fuel distributor in the Knoxville, TN area, serving a broad array of local and regional customers. Prior to the sale, McNutt and Allegheny Petroleum enjoyed a strategic partnership spanning decades, with McNutt distributing Allegheny Petroleum’s lubricants and additives to the local market.

Allegheny Petroleum is retaining all of McNutt’s staff, facilities, and current operations to continue serving McNutt’s customers. At the same time, Allegheny Petroleum plans to build manufacturing facilities at McNutt’s current location in 2026.

Barbara Kudis, Allegheny Petroleum’s President, said of the purchase: “this is an important step in our company’s national expansion, creating another hub for our manufacturing, which we plan to bring online this year. By purchasing McNutt, a top-tier logistics provider in the region, we will greatly accelerate our expansion in this important region for our company.”

This latest acquisition follows decades of growth at Allegheny, and will add to the company’s four manufacturing facilities in western Pennsylvania, Houston, TX and Evansville, IN. These manufacturing sites are complimented by a network of national and international distributors.

Kudis added: “McNutt has been a strong partner for years, and as we add local blending capabilities, we will offer the region an increased level of products and service. We have been active in Tennessee for many years, and look forward to strengthening our ties with local industry.”

To learn how Allegheny Petroleum can partner with your business today in the eastern Tennessee area, please visit www.oils.com or contact Matt Junge, Business Development and Account Manager, at 865-250-3840.

About Allegheny Petroleum Products

Allegheny Petroleum manufactures industrial, automotive and fleet lubricants, and distributes and supplies lubricant additives. The company, one of the largest fuel additive manufacturers in North America, also provides fluid management for its manufacturing customers and contract services for its blending and packaging customers. The company’s headquarters are located at 470 Mall Circle Drive, Monroeville, PA 15146.

Media Contact: Heather Wojciechowicz, [email protected]

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/allegheny-petroleum-purchases-mcnutt-oil-company-with-an-eye-toward-expanding-manufacturing-capabilities-302667036.html

SOURCE Allegheny Petroleum

Market Opportunity
Fuel Logo
Fuel Price(FUEL)
$0.00137
$0.00137$0.00137
+3.00%
USD
Fuel (FUEL) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Vitalik Buterin is not happy about the current trajectory of prediction markets

Vitalik Buterin is not happy about the current trajectory of prediction markets

Vitalik Buterin recently shared a lengthy post on X where he critiqued the current state of prediction markets. His current stance slightly differs from what it
Share
Cryptopolitan2026/02/15 05:20
River (RIVER) Plunges 19.4% as Post-ATH Correction Deepens to 83.6%

River (RIVER) Plunges 19.4% as Post-ATH Correction Deepens to 83.6%

River token has declined 19.4% to $14.46 in the past 24 hours, marking one of the steepest single-day drops since its January 2026 all-time high. Our analysis reveals
Share
Blockchainmagazine2026/02/15 05:04
Fed Makes First Rate Cut of the Year, Lowers Rates by 25 Bps

Fed Makes First Rate Cut of the Year, Lowers Rates by 25 Bps

The post Fed Makes First Rate Cut of the Year, Lowers Rates by 25 Bps appeared on BitcoinEthereumNews.com. The Federal Reserve has made its first Fed rate cut this year following today’s FOMC meeting, lowering interest rates by 25 basis points (bps). This comes in line with expectations, while the crypto market awaits Fed Chair Jerome Powell’s speech for guidance on the committee’s stance moving forward. FOMC Makes First Fed Rate Cut This Year With 25 Bps Cut In a press release, the committee announced that it has decided to lower the target range for the federal funds rate by 25 bps from between 4.25% and 4.5% to 4% and 4.25%. This comes in line with expectations as market participants were pricing in a 25 bps cut, as against a 50 bps cut. This marks the first Fed rate cut this year, with the last cut before this coming last year in December. Notably, the Fed also made the first cut last year in September, although it was a 50 bps cut back then. All Fed officials voted in favor of a 25 bps cut except Stephen Miran, who dissented in favor of a 50 bps cut. This rate cut decision comes amid concerns that the labor market may be softening, with recent U.S. jobs data pointing to a weak labor market. The committee noted in the release that job gains have slowed, and that the unemployment rate has edged up but remains low. They added that inflation has moved up and remains somewhat elevated. Fed Chair Jerome Powell had also already signaled at the Jackson Hole Conference that they were likely to lower interest rates with the downside risk in the labor market rising. The committee reiterated this in the release that downside risks to employment have risen. Before the Fed rate cut decision, experts weighed in on whether the FOMC should make a 25 bps cut or…
Share
BitcoinEthereumNews2025/09/18 04:36