HollyFrontier to buy Sonneborn for $655 million

Industry:    2018-11-14

U.S. oil refiner HollyFrontier Corp said on Tuesday it would buy privately held specialty hydrocarbons maker Sonneborn for $655 million in cash.

Sonneborn, which supplies white oils, waxes and petrolatums to the cosmetic, food processing and pharmaceutical industries, will help bolster HollyFrontier’s lubricants and specialty products business.

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