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Atofina Canada sells lubricants division

Oakville, Ont. -- June 4, 2001 -- Atofina Canada Inc. has sold its lubricants division to Kaufman Holdings Corporat...


Oakville, Ont. — June 4, 2001 — Atofina Canada Inc. has sold its lubricants division to Kaufman Holdings Corporation of Fords, N.J. Kaufman’s operations include Hatco Corporation, Royal Lubricants and Anderol. The lubricants division will now operate as Anderol Canada and manufacture product at the Oakville plant under a long-term lease arrangement with Atofina Canada.

Bob Miller, president and CEO of Atofina Canada, said that the sale of the lubricants division, which is in keeping with Atofina’s announced plan to divest non-core businesses, will enable the company to focus on its $100-million intermediate chemicals and performance polymers business. Furthermore, he said that about 20 lubricant employees received job offers from Anderol and will have the opportunity to help their new employer develop the Oakville site as a centre of excellence for lubricant manufacturing and technology.

Headquartered in Oakville, Atofina Canada markets a wide range of performance chemical and polymer products for use in a variety of applications serving a broad cross-section of Canadian industry and consumer needs. The company also operates a hydrogen peroxide manufacturing plant in Bcancour, Que.

It employs a total of 89 people and is ISO 9002 registered and Responsible Care verified. Atofina Canada is part of Atofina, the world’s fifth largest chemical company, with sales in 2000 of $19 billion. Atofina is the chemical branch of TotalFinaElf, the world’s fifth largest oil and gas company, with sales in 2000 of $107 billion.

More information on the company and its products can be found on the Internet at www.atofinacanada.com.

Editor’s Note: Responsible Care is a global performance improvement initiative first established in 1985 by the Canadian Chemical Producers’ Association (CCPA). It was conceived to address public concerns about the manufacture, distribution and use of chemicals, and has been extended to partners in related industries who are encouraged to tailor the initiative to fit their own organizations. “It’s an ‘ethic’ for chemical businesses that fundamentally changes the way they think and act,” says Brian Wastle, CCPA’s vice-president of Responsible Care. Chemical industry associations in more than 40 countries have now embraced it.